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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 May Inject CNY1 Trln To Replenish Big Banks
AUD/USD trades flat at $0.7235 after.........>
AUSSIE: AUD/USD trades flat at $0.7235 after adding 8 pips Tuesday. In early
Asia-Pac hours yesterday, the rate touched intraday lows of $0.7194, weighed on
by soft data prints, before rallying to intraday highs of $0.7265 as the RBA
delivered its MonPol decision, keeping the policy settings unchanged & failing
to allude to a more neutral stance, disappointing the doves in the process.
However, the rate pared most of its gains thereafter, as USD advanced.
- Worth mentioning yesterday the RBA trimmed its GDP forecast to 3.0% for 2019
(prev. 3.25%), with the potential for a lower 2020 GDP growth forecast in the
SoMP due Friday.
- Bulls need to clear yesterday's peak before shifting focus to the 200-DMA/YTD
high of $0.7288/95. Meanwhile, bears look for a fall through yesterday's low,
which would allow them to target the 21-DMA at $0.7190.
- Remarks from RBA Gov Lowe due at 0130GMT/1230AEDT provide the focal point
today, while the RBA's SoMP will follow on Friday.
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.