Free Trial

Aussie-dollar: Europe open...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7924, range $0.7923-76, NY open
$0.7968, range $0.7954-0.7986
- Supported by firmer oil prices, aussie continued on a buoyant tone to print
fresh daily highs of $0.7976 just ahead of the NY open. As NY opened the rate
slipped towards $0.7965
- The pair received a lift following XAU and oil rising witnessed the rate print
a fresh high of $0.7986
- After printing a fresh intra-day high of $0.7986, the rate pared back its
gains following XAU slipping from its highs, as the rate drifted towards
$0.7970.
- Broad based dollar demand continued in a very quiet session, as the rate fell
to fresh NY lows of $0.7959. The move coincided with XAU paring back its earlier
gains. Towards the NY close the AUD turned a little, with the rate grinding back
towards $0.7970 following XAU getting a lift. The Greenback gets a lift at the
close, as cable collapsed on news of Moody's downgrade of the UK to Aa2, with
the rate dropping towards $0.7950.

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' }); });