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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 AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
AUD/USD was well bid yesterday, amid a.......>
AUSSIE: AUD/USD was well bid yesterday, amid a broader improvement in risk
appetite as participants welcomed a relatively smooth, gradual re-opening of
global economies. The rate rallied past May 20 high of $0.6616 but struggled to
cleanly break above its 200-DMA and finished the day just below there. The
200-DMA was tested for the first time since January.
- Dow Jones cited the chairman of a joint Aussie-NZ working group drafting plans
for the creation of a trans-Tasman "travel bubble" as noting that the group
wants to give its recommendations to the two gov'ts by the second week of June.
- AUD/USD sits at $0.6648, a touch lower on the day. A deeper retreat, past May
20 high of $0.6616, would open up the key support from May 22 low of $0.6506.
Bulls need a firm breach of the aforementioned 200-DMA at $0.6659 to gain some
fresh impetus. Above there opens the upper 2.0% 10-DMA envelope at $0.6679.
- Looking ahead, focus turns to completed construction work & industrial profits
(Wednesday), as well as private capex & flash trade data (Thursday). RBA Gov
Lowe appears in parliament tomorrow.
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.