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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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Free AccessAUD/USD benefitted from the greenback's......>
AUSSIE: AUD/USD benefitted from the greenback's weakness on Monday, and last
deals just shy of Monday's peak, virtually unchanged in early Asia hours at
$0.6975.
- Bulls look to clear the clustered $0.6996-.7008 resistance zone on a closing
basis, before looking higher, while bears ultimately look for a break back below
$0.6900 to retest critical support levels.
- The domestic docket is stacked today, with Q1 current account & net export
data due (ahead of tomorrow's Q1 GDP print), in addition to the latest round of
monthly retail sales, the RBA decision & an address from RBA Governor Lowe. As
mentioned elsewhere, IBs fully price a 25bp cut at today's RBA decision. Recent
patterns in RBA communication mean that participants should look for the Bank's
messaging to be spread between the post-decision statement and a speech from RBA
Governor Lowe, due at 10:30 BST. Our RBA Preview can be accessed via the link
below:
- https://emedia.marketnews.com/RBA_Preview_June_20192.pdf
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.