Free Trial

Aussie-dollar: European open.........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7946, range $0.7897, NY open
$0.7898, range $0.7859-0.7902
*Took out the reported bids through $0.7905/00 with added weight via
euro-dollar. Extended low print of $0.7893 in early NY.
*The dollar continued its buoyant tone as the NY morning dragged on, with the
rate dropping to a new intraday low of $0.7879, before meeting demand and
bouncing back towards $0.7890.
*Broad based dollar demand in reaction to news that Trump will announces tax
plan tomorrow and that "money will come pouring back in to the US", witnessed
the rate drop to fresh intraday lows of $0.7869.
*Dollar demand across the board following comments from the FED's
Yellen witnessed the rate drop to new session lows of $0.7859.
*The greenback pared back its recent gains, as Yellen took questions
on December rate hike and offering very little clarity, saw the rate jump to
recoveries highs of $0.7901. Before slipping towards $0.7885

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' }); });