Free Trial

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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7706, range $0.7678-0.7719, NY
open $0.7715, range $0.7665-0.7719
*Dovish RBA Debelle remarks that warned sizable spare capacity in labour market
and inflation may remain subdued, took the aussie to 3-month lows $0.7678 before
recovering back to $0.7690/95
*Cross demand continued to pare morning losses, rate squeezed to recovery highs
of $0.7719 in early NY
*The greenback received a lift as source stories reported that "Yellen was out
of the running", this combined with a dovish Draghi witnessed the rate drop to
$0.7698, before grinding back towards $0.7710.
*Broad based dollar demand, as US Tsys yields firmed and XAU dropped saw the
rate drop towards $0.7674.
*Broad based dollar demand as profit takers emerged and gold turned witnessed
the rate grind towards $0.7690.
8as gold collapsed to 3 week lows of $1266.64 and US Tsys yields firmed the rate
dropped to session lows of $0.7665.

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' }); });