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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 $0.7823, range $0.7804-0.7835, NY
open $0.7812, range $0.7796-0.7818
*Persistent dollar demand witnessed the aussie under pressure in Europe, rate
touched $0.7804 before stalling ahead of support from the Asia low. As NY
entered the fray, the pair received a lift towards $0.7820.
*In a very subdued session, the pair drifted lower, as XAU remained under
pressure following the victory of Prime Minster Abe with the rate dropping
towards $0.7805.
*The aussie dropped further as commodities fell, with the rate breaking the
resistance at $0.7800, stops were triggered printing fresh lows of $0.7796.
*After printing fresh lows of $0.7796, the rate pared back some of
its losses, as gold clawed back to flat on the day with the rate grinding
towards $0.7810.
*As the dollar received a lift following Trump's comments that he is very, very
close to naming the next Fed chair, the rate dropped back towards the session
lows of $0.7796.
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.