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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
Aud/Usd: Asia open $0.7944, range....>
AUSSIE SUMMARY: Aud/Usd: Asia open $0.7944, range $0.7942-85. Europe open
$0.7962, range $0.7955-84.
* Aud opened Asia toward lower side of Monday's $0.7935-73 range, mild risk-off
tone remained with ongoing N. Korean tensions.
* Aud traded sideways within a $0.7942-57 range ahead of economic data
* Domestic BoP Current Account Balance showed net exports may add 0.3% to GDP in
Q2, largely offset drag generated by yesterday's business inventory data
*Aud dropped to $0.7955 on Aud/Jpy sales, move linked to reports N. Korea had
moved ICBM for possible launch Sep9.
* Aud recovered to $0.7970 ahead of RBA's policy decision
* Reaction to RBA saw the Aud drop from around $0.7970 to $0.7948, local traders
cited RBA's 'Appreciating Aussie would slow economic
pickup' comment behind the move, however, RBA did note that forward indicators
point to solid employment growth.
* Aud retained underlying buoyant tone through Europe, gained a boost from RBA
Lowe speech which allowed retest of $0.7985.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.