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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 AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
AUD-USD: European open $0.7838,......>
AUSSIE SUMMARY: AUD-USD: European open $0.7838, range $0.7822-0.7845, NY open
$0.7823, range $0.7816-0.7835
*Pullbacks remained shallow as the weak dollar theme continued in Europe.
Supported overnight by strong China PMI data, Aud/Usd held near the peak of its
$0.7795-0.7845 range.
*Directional 'smart' seller seen in the aussie, traders flashed. Rate
continued to pare morning gains with slippage extending to $0.7822 just ahead of
NY.
*The arrival of NY witnessed a fresh wave of dollar selling, as gold continued
to firm.
The rate grinded back towards $0.7835 before fading.
*The dollar received a lift across the board as US Tsys Yields firmed and
commodities slipped with the rate dropping towards $0.7816.
*The pair remained in consolidation mode for the remainder of the session with
the rate bouncing between $0.7820/30.
To read the full story
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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.