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Free AccessAussie-dollar: Aug9 close $0.7887,...>
AUSSIE SUMMARY: Aussie-dollar: Aug9 close $0.7887, Aug10 Asia range
$0.7871-0.7911, Europe 0.7867-84
*Aussie squeezed from $0.7885 to $0.7911 in early Asia, with demand cited in the
crosses for the move, predominately against kiwi and yen
*Pullback off the high, extended to $0.7886 with added weight from the softer
kiwi following intervention rhetoric from RBNZ's Wheeler
*As risk sentiment turned, aussie-yen supply/soft Asia equites pressured to
$0.7871 before dip buyers cushioned falls
*Minor recovery efforts stalled ahead of $0.7885 into Europe, before fresh
supply emerged with a deeper reversal to $0.7867
*Aud-jpy led sales capped topside gains as the pair consolidated $0.7869-84 for
the balance of the session.
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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.