Free Trial

AUD/USD trades at $0.7076, sticking to a.....>

AUSSIE
AUSSIE: AUD/USD trades at $0.7076, sticking to a tight range in the early part
of the Asia-Pacific session. 
- On Thursday, the Aussie rallied on the back of Fitch affirming Australia's AAA
credit rating; outlook stable and registered gains against all others in G10 on
the day, despite later operating off the session highs due to a broader dollar
strength. 
- Bears continue to focus on the Oct 08 low at $0.7041 ahead of the
psychological $0.7000 level, while bulls keep an eye on the Oct 17 high at
$0.7160 as they seek to challenge the key $0.7200 level & the bear channel top. 
- Highlights next week include the releases of Australian CPI on Wednesday,
trade balance on Thursday & retail sales on Friday. Elsewhere, RBA Assistant
Gov. Bullock speaks in Sydney on Tuesday.

To read the full story

Close

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.