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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 To Fresh Multi-Week Highs, Higher Commodities Helping
AUD/USD has surged higher, the pair currently at fresh session highs in the 0.6735/40 region. This is +0.75% above NY closing levels. We are comfortably above the June 27 high of 0.6721. June 22 highs at 0.6806 is the next upside target. We do have the 200-day EMA nearby at 0.6747.
- The A$ is benefiting from broad based USD weakness, although is an outperformer in the G10 space. Earlier yen was leading the charge, but USD/JPY has consolidated somewhat. AUD/JPY has recovered back above the 94.00 level against recent lows around 93.50.
- China stimulus talks are likely aiding sentiment at the margins. Iron ore is up further near $108/ton, while copper is also climbing +0.62% to $379 (CMX basis).
- Coming up we have RBA Governor Lowe speaking in around 20mins.
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.