Free Trial

Aussie-dollar: Aug2 close $0.7965,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug2 close $0.7965, Aug3 Asia range $0.7915-69,
Europe 0.7918-39
*Modest dollar demand with added weight from soft Asian equities pressured the
aussie to $0.7926 in early dealings
*Weaker-than-expected Aussie Trade data with added S&P headlines that said there
is more risk to the Australia sovereign rating in the past, touched extended
pullback lows of $0.7915
*It soon emerged this wasn't an official S&P statement, aussie quickly bounced
to hold $0.7935/40 for the balance of the session
*Consolidation remained the theme into Europe, rate largely held $0.7918-30
*Stg-yen demand following the release of stronger UK Services PMI triggered
fresh aud-yen buying, this dragged aud-usd to $0.7939 before fading
*Resistance is seen at $0.7964/69 (38.2% $0.8043-0.7915, Asia high). 

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' }); });