Free Trial

Aussie-dollar: Oct13 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Oct13 close $0.7887, Oct16 Asia range $0.7868-90,
Europe $0.7870-89
*Demand from domestic corporates pushed the Aussie from around $0.7877 to
$0.7890 in early Asia
*Modest US dollar bid theme then took hold amid firmer US Tsy yields, Aussie
pared gains with slippage extending to $0.7868
*For the balance of the session the pair consolidated between $0.7868-79
*Aussie opened flat in Europe, traders reported of continued light volumes
*Cross play once again dictated price action as the pair traded a very narrow 19
pip morning range
*Solid offers are reported to cap the topside ahead of $0.7900, a break opens
$0.7916/18 (55-dma, 50% $0.8102-0.7733). Support at $0.7869/68 (21-dma, Asia
low)
*Focus turns to US data from Empire Mfg (1230GMT) for clearer direction. Aussie
last $0.7877.

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' }); });