Free Trial
BUNDS

At session high

FOREX

FX OPTION EXPIRY

ENERGY

Iranian Gas Deal with Oman Revived

FOREX

FX OPTION EXPIRY

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7842, range $0.7831-0.7854, NY
open $0.7842, range $0.7817-0.7850
*Cross-play dictated price action for the majority of the European morning
session with aussie held to a very narrow 20 pip range.
*The rate slowly recovered into the NY open, with the rate grinding towards
$0.7845.
*The release of better than expected MNI Chicago PMI witnessed a short
burst of dollar demand with rate dropping towards $0.7830.
*The break of $0.7825/20 triggered fresh supply from momentum type
accounts to a fresh intra-day low of $0.7817, before fading.
*As the 4PM WMR month end-rebalancing got underway, we witnessed
pressure on the greenback, with the rate jumping towards $0.7850.
*The greenback clawed back some of its losses, following gold declining and
profit taking by ECNS witnessed the rate drop towards $0.7835.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.