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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: Nov9 close $0.7679,...>
AUSSIE SUMMARY: Aussie-dollar: Nov9 close $0.7679, Nov10 Asia range $0.7665-90,
Europe $0.7669-95
*Aussie opened flat in Asia, early dealings were seen light tied to a narrow
$0.7676-88 range ahead of the RBA's SoMP
*Initial react following the release saw the Aussie ease lower from $0.7684 to
$0.7665 as the RBA lowered their inflation forecasts
*Aud/Nzd short covering was quick to pare losses following NZ Finance Minister
Robertson remarks that said creating a dual mandate similar to those of the FED
or the RBA could result in looser monetary policy in some situations
*Consolidation largely remained the theme as the pair held either side of
$0.7685 for the balance of the session
*Fresh wave of demand into Europe touched $0.7695 but once again encountered
strong headwinds ahead of the $0.7700 area ($0.7699/01 200-dma, Nov7 high)
*UST-yield led dollar rally started to pare gains, Aud-Usd touched $0.7669
before support from the Asia low ($0.7665) cushioned falls. Last $0.7675.
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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.