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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.
AUD
- AUD/USD has now reversed the entirety of the CPI-inspired run higher, retreating over 50 pips from the session high of 0.6400. The Tuesday NY lows of 0.6344 are giving way at typing, opening the Monday and weekly lows of 0.6289. AUD/NZD is mimicking the price action, retreating back to flat after printing a tenth consecutive session of higher highs. A negative close Wednesday would be only the second in 11 days.
- The pullback in AUD, against both USD and NZD, shows how US yields remain a more influential factor for the currency relative to domestic developments, with intraday price action closely following the creep higher in the US 10y yield so far Wednesday:
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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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