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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 trades at $0.7116, 8 pips.......>
AUSSIE: AUD/USD last trades at $0.7116, 8 pips higher on the day. The pair
ticked up upon the release of Aussie labour mkt data, with employment increasing
by 37k vs the 20k consensus. Worth noting the unemployment rate came in
marginally higher than exp., at 5.1%, but the participation rate also slightly
increased.
- The pair fell 72 pips yesterday as the U.S. Fed's decision to raise interest
rates dragged it to intraday lows after a whole day of trading relatively flat.
- Bears look for a move below $0.7088, where AUD/USD bottomed yesterday, which
would open up the Oct 22 low of $0.7076. Conversely, bulls target the 55-DMA at
$0.7186 and a break above would shift their focus to yesterday's high of
$0.7201.
- Australian docket for the remainder of this week is rather dry.
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.