Free Trial

*Aug30 Aussie-dollar open $0.7951,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Aug30 Aussie-dollar open $0.7951, range $0.7947 to $0.7996
*Aussie opened in Asia toward the upper side of yesterday's $0.7906 to $0.7983
range, where risk-off pressure seen in the Asia session was reversed by US
markets after the release of upbeat US consumer confidence data.
*Aussie traded sideways in a $0.7947 to $0.7968 range ahead of the local
economic data
*Building Approvals for July came in -1.7% against -5.0% expected, also, Q2
construction work was solid, coming in at +9.3% q/q against MNI's median of
+1.0% q/q. 
*Aussie rose from the mid-$0.7960's to $0.7996, traders noted demand in
Aussie-kiwi helping the move higher, sparked by RBNZ's Wheeler comment, 'a lower
kiwi is needed'. 
*Dips were shallow and limited to $0.7983, further demand pushed the Aussie to
$0.7995 before stalling
*Heading into the European open, the Aussie remained elevated at $0.7988

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });