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Policy
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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.
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Free AccessAussie-dollar: European open.........>
AUSSIE SUMMARY: Aussie-dollar: European open $0.7939, range 0.7905-0.7940, NY
open $0.7908, range $0.7899-0.7916
*Continued the slow grind lower to $0.7905 in early NY, with the rate hovering
close to the intra-day low.
*Recovery efforts remained shallow in early NY, rate held near the base of its
daily range, last $0.7912.
*Fresh wave of dollar demand touched extended pullback lows of $0.7900
before meeting the reported bids placed there and grinding towards $0.7910.
*Following a fall in oil prices and broad based dollar demand, witnessed the
rate print a new intra-day low of $0.7899.
*A small turn in the dollar after printing a new intra-day low of $0.7899 with
the rate grinding towards $0.7915 into the NY close.
To read the full story
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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.