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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: Jul31 close...........>
AUSSIE SUMMARY: Aussie-dollar: Jul31 close $0.7997, Aug11 Asia range
$0.7996-0.8043, Europe 0.7992-0.8035
*Aussie traded either side of $0.8000 in early Asia, before demand surfaced to
lift the pair to $0.8043. Commodity prices were seen to underpin, with ore
prices surging 4% and Shanghai steel rebar +1.75%
*Profit-taking ahead of the RBA then took hold, the pair eased to $0.8020
*Post-RBA the Aussie dropped from $0.8025 to $0.7997, traders noted, RBA's
comment that higher A$ is weighing on outlook for output and employment. The
bank left forecasts largely unchanged and expects inflation to increase
gradually, rate was quick to pare losses, recovered to $0.8038 before fading
*Downside momentum continued into Europe, support ahead of $0.8000 initially
cushioned, before a second wave pressed through the Asia low to $0.7992
*Recovery efforts have so far remained shallow, rate holds near the base of its
daily range, last $0.8003.
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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.