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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 has crept higher in early trade......>
AUSSIE: AUD/USD has crept higher in early trade and last sits at $0.6577, 8 pips
better off. Local private sector credit data is on the radar today, with
attention otherwise drawn to the Covid-19 situation.
- Australian PM Morrison spoke with Channel Nine this morning, talking up
potential for a "targeted, modest and scalable" stimulus for sectors most
affected by Covid-19. His reluctance to ramp up stimulus will not please the
RBA. As a reminder, Gov Lowe & co. decide on rates next Tuesday.
- The rate bounced off its worst levels in more than a decade on Thursday, but
the upswing seemed driven solely by USD weakness. The greenback was dented amid
growing speculation that the FOMC might trim rates this year.
- Bulls look for a jump above the Feb 26 high of $0.6607 before targeting the
Feb 21 peak at $0.6639. Bears keep an eye on multi-year lows at $0.6544/43.
- Worth watching China's off'l PMIs on Saturday. Aussie Q4 GDP partials resume
next week, with inventories & co. operating profit due Monday and BoP current
a/c balance & net exports of GDP due Tuesday. Q4 GDP comes out Wednesday. Jan
trade balance & retail sales are due Thursday & Friday respectively.
To read the full story
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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.