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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 slid Wednesday as risk appetite......>
AUSSIE: AUD/USD slid Wednesday as risk appetite turned sour, as participants
showed a sense of worry about the resurgence of coronavirus. Virus angst
conspired with global trade jitters, U.S.-China sabre-rattling and softer oil
prices to push the rate lower.
- Increasing case count in the Australian state of Victoria continues to provide
a source of worry. Regional authorities have called the military to help contain
the spread of infections.
- AUD/USD currently trades at $0.6865, a touch lower on the day. The key
near-term support is defined at $0.6777, the low of Jun 15. A break here would
expose the 50-EMA at $0.6696. Bulls keep an eye on Jun 16 high of $0.6977,
followed by round figure resistance/Jun 11 high of $0.7000/05.
- Australia's job vacancies will be released later today. Earlier today, SEEK
published their employment snapshot, noting that job ads in the fortnight ended
21 Jun were at 68.3% of pre-COVID levels.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.