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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 US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
AUD/USD trades at ~$0.7120 in the late.......>
AUSSIE: AUD/USD trades at ~$0.7120 in the late stage of the Asia-Pacific
session, down ~10 pips on the day.
- AUD/NZD traded ~65 pips lower at one point, in the wake of stronger than exp.
NZ CPI, briefly breaching the 200-DMA (NZ$1.0833), before NZD strength faded as
most pointed towards transitory drivers of the print and the RBNZ's willingness
to look through such a read. Still, the move lower in AUD/NZD limited AUD/USD.
- The AUD saw a muted reaction to the release of the minutes from the RBA's most
recent MonPol decision, with the Bank's medium term MonPol views remaining
unchanged, and little fresh information apparent in the details of the meeting.
- On the technical front, AUD/USD has recovered after breaking back above
$0.7100, but bulls still need to see it reaching $0.7200 to shift focus to the
channel top at $0.7223. Bears look for the rate to fall below $0.7044 before
targeting the psychological $0.7000 level.
- Later in the week attention will move to the domestic labour market report
(Thursday) & an address from RBA's Debelle (Wednesday).
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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.