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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
*Aug31 Aussie-dollar open $0.7905,...>
AUSSIE SUMMARY: *Aug31 Aussie-dollar open $0.7905, range $0.7887 to $0.7923
*Aussie opened in Asia towards the lower side of yesterday's $0.7890 to $0.7996
range, upbeat US data, with ADP and Q2 GDP well above forecasts, placed the
greenback on the offensive.
*Demand chiefly in Aussie-yen pushed the Aussie up from around $0.7900 to
$0.7916, sources linked that interest to a possible Toshin launch.
*The release of upbeat China data saw the rate extend the move higher to $0.7923
before fading to $0.7905 ahead of local data releases
*A strong Capex survey was trumped by modest dollar strength, Aussie dropped
from around $0.7910 to $0.7887. To some extent, the move was in sympathy to the
weaker kiwi
*Cross demand, mainly against kiwi, yen and euro then pushed the rate higher to
$0.7913
*For the balance of the session the Aussie consolidated between $0.7900-10
*Support lies at $0.7880 (61.8% $0.7808-$0.7996), while resistance in noted at
$0.7928 (38.2% $0.7996-$0.7887 decline).
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.