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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessAUD/USD has swam with the tide of risk-on....>
AUSSIE: AUD/USD has swam with the tide of risk-on flows, unleashed by an article
pointing to optimistic early anecdotal data re: experimental use of a drug for
Covid-19. The rate trades at $0.6358, 31 pips better off. The main things to
watch today are Q1 GDP & monthly activity indicators out of China.
- Australian PM Morrison told ABC Thursday evening that domestic pension funds
should "play a more active role in dealing with the economic issues that we're
dealing with at the moment." Elsewhere, Dep PM & Transport Min McCormack pushed
back against the idea of nationalizing the struggling Virgin Australia.
- The rate has penetrated the 50-DMA and bulls see their initial target at
$0.6445, Apr 14 high. A clean break here, coupled with yesterday's hammer
candlestick, would bode well for their cause. Conversely, the key near-term
support has been defined at $0.6214, Mar 31 high and former breakout level.
- Australian docket next week features the minutes from the RBA's MonPol meeting
and a speech from RBA Gov Lowe (Tuesday), as well as flash CBA PMIs (Thursday).
To read the full story
Sign up now for free trial access to this content.
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.