Free Trial

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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7634, range $0.7613-39, NY open
$0.7631, range $0.7613-0.7650
*Rate touched $0.7613 before support from the Asia low ($0.7610) cushioned
falls.
*Recoveries off the low in gold with added support from Aud/Jpy pared European
morning losses to print fresh session highs of $0.7639 just ahead of NY. As NY
arrived a wave of dollar demand witnessed the rate drop towards $0.7625.
*Gets an added lift with surging gold prices to print fresh daily highs of
$0.7650.
*As the dollar continued defensive, aussie held near the peak of its
$0.7610-50 daily range.
*Pressure on the pair following a sharp drop in aud/jpy, as US stocks
tumbled. The rate dropped from $0.7645 to pullback lows of $0.7613.
*As the greenback came under a fresh wave of pressure, as xau rallied
and US Tsys yields drifted further. The rate grinded back towards $0.7635.

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' }); });