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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Aud/Usd: Asia open $0.8019, range....>
AUSSIE SUMMARY: Aud/Usd: Asia open $0.8019, range $0.8011-0.8139. Europe open
$0.8025, range$0.8020-43.
* Aud rose from $0.8011 to $0.8039, improved Westpac consumer confidence and
rise in ore prices underpinned.
* NAB also announced a change to their outlook for RBA cash rate.
* NAB previously expected 2 more cuts, changed to forecasting a 0.25% rate hike
in Aug 2018 and 0.25% hike in Nov 2018.
* Aud dropped suddenly from around $0.8030 to $0.8013 on reported RBA Harper
comments.
* RBA Harper said, 'Economic growth is too weak to justify a rate hike', 'Aud
gains driven by weaker Usd'.
* Knee-jerk reaction before Aud bounced to $0.8032, consolidated in the mid to
high $0.8020's into Europe.
* Generally softer Usd in Europe allowed rate to edge to a fresh intraday high
of $0.8043.
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.