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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 China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
Aussie-dollar: Aug29 close...........>
AUSSIE SUMMARY: Aussie-dollar: Aug29 close $0.7948, Aug30 Asia range $0.7947-96,
Europe $0.7956-89
*Aussie opened flat in Asia, early dealings were reported light tied to a narrow
$0.7947-68 range
*Solid Australian Building Approvals/Construction data provided the early
appetite, RBNZ Wheeler remarks that a lower kiwi is needed triggered fresh
aud/nzd demand
*The aussie squeezed to extended react highs of $0.7996 and consolidated for the
majority of the session
*Rate failed to build overnight gains and with added dollar demand (usd/jpy
above Y110.00), aussie drifted in early Europe
*Corrective pullback extended to $0.7956, recovery efforts remained shallow to
hold near the base of its morning range
*Support at $0.7947 from the Asia low, a break opens $0.7932 (50%
$0.7867-0.7996).
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.