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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 sits at $0.7001, 27 pips better......>
AUSSIE: AUD/USD sits at $0.7001, 27 pips better off, hitting fresh intraday
highs. Persistent USD sell-off, inspired by the latest round of dovish Fed
rhetoric, pushed the rate higher. Meanwhile, commodity-tied FX grew in strength,
with the Aussie gaining against most of its G10 peers.
- The rate advanced steadily overnight, breaking above the psychological $0.7000
barrier. Consolidation above the round figure would open up the 100-DMA, which
kicks in at $0.7023. Bears look for a retreat towards the $0.6957-53 zone, which
hosts the mid-point of the YtD range, cloud base, 21-DMA and 55-DMA.
- Chinese trade data is still awaited, should be released shortly.
- On the Australian docket next week are minutes from the RBA Jul MonPol meeting
due Tuesday and the key labour market report due Thursday. China's economic
activity indicators may provide some interest 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.