Free Trial

Aud/Usd: European open $0.7667,......>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: European open $0.7667, range $0.7667-84, NY open
$0.7679, range $0.7646-0.7683
*As commodity prices started to firm, Aud moved through the Asia high, gains
extended to $0.7684 before fading in the European morning.
*The rate continued its buoyant tone into the NY open, as the market awaited the
tax vote later today.
*Following commodities dropping the rate drifted back to pullback lows of
$0.7663.
*As the greenback firmed across the board and gold dropped the rate followed
suit dropping to fresh session lows of $0.7652.
*A fresh wave of dollar demand across the board, as US Tsys Yields
continued to firm witnessed the rate drop to fresh session lows of $0.7646.
*Aussie received a lift just ahead of the vote as the eur/usd continued to grind
higher, the rate moved back over $0.7660.
*Very little market reaction as the house passed the tax bill and sending it to
the senate.

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' }); });