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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 AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
AUD/USD last $0.7175 after the release of....>
AUSSIE: AUD/USD last $0.7175 after the release of the RBA Dec meeting minutes,
which pulled the rate just a couple of pips lower. The minutes struck a slightly
dovish tone & touched upon familiar themes, as policymakers highlighted downside
risks posed by low household income growth, high debt levels, and declining
housing prices. However, the Board agreed that the policy rate will stay
unchanged in the near term, with the next move likely to be a hike.
- Key technical levels remain in play, as yesterday's low of $0.7169 remains
intact. Bears look for a fall through that level ahead of challenging the lower
Bollinger band (2%) at $0.7142. Conversely, bulls eye $0.7187, where the rate
peaked Monday, and a break above would open up $0.7196 representing the 50-DMA.
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.