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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 AccessAUD/USD sank through the $0.7000 mark as.....>
AUSSIE: AUD/USD sank through the $0.7000 mark as risk-off flows took hold in the
G10 FX space and last sits at $0.6994, 27 pips worse off. A softer than expected
PBoC fix has added pressure to the AUD, which landed at the bottom of the G10
pile.
- Australian ANZ job ads edged higher in May, after tumbling 53.4% M/M in Apr.
Elsewhere, local NAB Business Confidence recovered to -20 from -45.
- Bears look for further losses past Jun 3 low of $0.6857, towards Jun 2 low of
$0.6775. Conversely, a recovery of $0.7000 would return focus to Dec 31, 2019
high of $0.7032.
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.