Free Trial

AUD/USD benefitted from the broader USD......>

AUSSIE
AUSSIE: AUD/USD benefitted from the broader USD weakness noted on Monday and had
little reaction to a leadership challenge for PM Turnbull overnight, in which he
was victorious.
- On the MonPol front RBA Gov. Lowe & the minutes from the RBA's most recent
meeting held little in the way of fresh material information.
- AUD/USD operates around best levels last ~$0.7360, above the Aug 03 low
($0.7348), with bulls now looking to channel top resistance ($0.7453), although
they will need to better the Aug 10 high ($0.7380) and the 55-DMA ($0.7413)
first.
- AU focus now moves to an address from RBA Asst. Gov. Debelle & the AU Q2
completed construction work metric due later this week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@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.