Free Trial

Aud/Usd: Europe open $0.7982,........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: Europe open $0.7982, range $0.7967-95, NY open $0.7972,
range $0.7964-0.8016
*Broad based dollar demand in early NY following US Tsys Yields, witnessed the
rate print a new intra-day low of $0.7967. Dip buyers emerged pushing the rate
towards $0.7980.
*In a very quiet session we witnessed a small bout of broad based dollar demand,
with the rate dropping to a new intra-day low of $0.7964.
*A sharp spike in the pair, in reaction to BOC hiking rates by 25BP
to 1%, as the pair spiked towards $0.8000 form $0.7967
*Broad based dollar pressure continued into the European close, as the
pair lifted to recovery highs of $0.8017.
*The greenback received a lift in reaction to Trump and congress agreeing on
Harvey aid and debt limit extensions to Dec 15. The rate dropped towards $0.7995
on the news.

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' }); });