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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
AUD/USD shed 35 pips overnight and last......>
AUSSIE: AUD/USD shed 35 pips overnight and last deals at $0.7238, with AUD
sitting at the bottom of the G10 pile, as it extended on earlier weakness
pressured by a soft Chinese Caixinf m'fing PMI print, which saw the index plunge
to a 35-month low of 48.3 from last month's 49.7.
- With the rate trading a touch below $0.7243, where it bottomed yesterday,
bears look for a clean break below the Jan 11 high of $0.7235, before targeting
the $0.7200 figure. Meanwhile, bulls need to jump back above yesterday's low
before attempting a run at yesterday's YTD high of $0.7295.
- The RBA is set to deliver its MonPol decision next Tuesday, with no change to
the cash rate exp., while the RBA's statement on MonPol will be released next
Friday. Elsewhere, AU focus next week falls on Melbourne Institute inflation due
Monday, retail sales & trade balance due Tuesday, as well as remarks from RBA
Gov Low due Wednesday. Also worth highlighting that the findings from the Royal
Commission into banking will hit on Monday.
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.