Free Trial

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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7848, range $0.7819-0.7851, NY
open $0.7827, range $0.7824-0.7847
*The strong dollar theme continued into Europe, slippage through the Asia low
extended to $0.7835
*Dip buyers briefly cushioned, before another wave of dollar demand emerged,
rate touched pullback lows of $0.7819. The rate received a lift into the NY
open, with the rate grinding towards $0.7835 before momentum faded.
*The Aussie received a small lift following AUD/YEN demand, as the rate grinded
towards $0.7840.
*A fresh wave of broad based dollar demand, as US Tsys yields rose and
the Dow's continued to rise, witnessed the rate drop back towards the intraday
low of $0.7819.
*The Aussie got a small lift following AUD/YEN demand, with the rate
grinding towards $0.7830.
*Broad based dollar pressure at the European close, witnessed the rate
grind towards $0.7850.

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' }); });