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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 deals at $0.7120, 24 pips.......>
AUSSIE: AUD/USD last deals at $0.7120, 24 pips better off, as AUD was propped up
by the combination of strong Chinese data & optimism re: Sino-U.S. trade talks.
- The rate started on the front foot after all three official Chinese PMI gauges
released over the weekend advanced, with m'fing PMI moving back into positive
territory. AUD/USD eased off gradually before recovering after rate of decline
of Australian CoreLogic House Price Index slowed to -0.7% M/M from -0.9%. A
strong Chinese Caixin m'fing PMI reading allowed the pair to extend gains.
- A break above the $0.7142-$0.7148 region, which capped gains last Wednesday
and Tuesday, would open up the Mar 21 monthly high/upper Bollinger band (3%) at
$0.7168/74. Meanwhile, bears look to the 200-HMA & 100-HMA, both located at
$0.7102, after the level remained intact overnight.
- Tomorrow's RBA MonPol decision, which headlines this week's docket in
Australia, will be followed by the release of AU building approvals and
Australian 2019-20 federal budget on the same day.
- Elsewhere, Australian retail sales and trade balance, as well as Chinese
Caixin services & composite PMIs are due Wednesday.
To read the full story
Sign up now for free trial access to this content.
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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.