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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 POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
*Aug16 Aussie open $0.7821, range....>
AUSSIE SUMMARY: *Aug16 Aussie open $0.7821, range $0.7817 to $0.7838
*Aussie opened in Asia toward the lower side of yesterday's $0.7808 to $0.7877
range, where upbeat US data and softer commodities placed the antipodean on the
defensive.
*After treading water around $0.7820 in early trade, demand in Aussie-yen from
Tokyo based players lifted the Aussie from around the low $0.7820's to $0.7836
before fading
*Dips were limited to $0.7825, another round of cross demand pushed the pair
from $0.7825 to $0.7838
* For the balance of the session, the Aussie traded a few pips either side of
$0.7830 largely held hostage to an option strike at that level
*Option expiries for today include; $0.7825 (A$370mn), $0.7830 (A$1.86bn) and
$0.7850 (A$910mn)
*US Housing Starts, Building Approvals provide the event risk ahead of FOMC
minutes later today
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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.