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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 UST Issuance Deep Dive: Dec 2024
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
AUD/USD last trades at $0.7018, 3 pips.......>
AUSSIE: AUD/USD last trades at $0.7018, 3 pips higher on the day.
- The rate edged higher in yesterday's Asia-Pac session, supported by reports
re: targeted RRR cuts in China. However, the pair faded in the European morning,
testing the water below $0.7000, as the greenback grew firmer. Subsequent
recovery allowed AUD/USD to return above the figure and finish the day
unchanged.
- As a reminder, Australia observed the ANZAC Day holiday yesterday, which might
have limited liquidity.
- The initial layer of resistance is provided by the lower 1.0% 10-DMA envelope,
which comes in at $0.7040. A breach of that level would allow bulls to look for
recouping Wednesday's slump inspired by a soft Australian CPI print. On the
downside, a fall through yesterday's low of $0.6988 would draw bearish attention
to the Jan 2 low of $0.6982.
- Australian Q1 PPI & terms of trade data is due later today.
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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.