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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Aussie-dollar: Oct12 close...........>
AUSSIE SUMMARY: Aussie-dollar: Oct12 close $0.7820, Oct13 Asia range $0.7818-42,
Europe $0.7829-46
*Modest US dollar weakness was the main theme overnight, Aussie lifted from
$0.7818 to $0.7842 before fading
*RBA's bi-annual Financial Stability Review passed without too much fanfare
despite continued concerns on the condition of household balance sheets and the
housing market
*Consolidation initially remained the theme into Europe with trade held to a
narrow 10 pip range
*As cross play dictated price action throughout the morning, aussie extended the
slow grind, moved through the Asia high to $0.7846 before fading
*Light offers are reported to build ahead of $0.7850, a break opens $0.7865/72
(Oct5 high, 21-dma). Aussie last $0.7838
*Main focus today on key US CPI & Retail Sales data, released at 1230GMT.
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.