Free Trial

Aud/Usd: Asia open $0.8000, range....>

AUSSIE SUMMARY
MNI (London)
AUSSIE SUMMARY: Aud/Usd: Asia open $0.8000, range $0.7984-0.8019. Europe open
$0.7990, range $0.7974-0.8016.
* Ahead of local data Aud consolidated within $0.7995-0.8019 range.
* Softer Trade and Retail Sales data pressed Aud lower from $0.8015 to $0.7991.
* Jul Trade Balance A$460mn vs MNI's expectation of A$900mn, Jul Retail Sales
flat vs MNI's forecast rise of 0.3%.
* Recoveries held to around $0.8000. Softer commodity prices then saw Aud ease
to $0.7984 
* Aud crawled a little higher to $0.7992 into Europe
* Early Europe Usd strength saw rate dip to an extended low of $0.7974 then
bounced as Usd pared gains.
* Rate edged on toward its earlier $0.8019 in late morning trade, the Usd under
general, Eur/Usd led, pressure. 
* Focus on ECB rate decision/monetary policy announcements, ECB Draghi press
conference. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });