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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: Oct23 close...........>
AUSSIE SUMMARY: Aussie-dollar: Oct23 close $0.7804, Oct24 Asia range $0.7806-25,
Europe $0.7774-0.7819
*Corporate demand reportedly helped lift the Aussie higher from around $0.7808
to $0.7819 in early Asia. Base-metal futures also underpinned, Shanghai steel
+1.65%, copper +0.5% and coking-coal up 0.65%
*The move extended slightly to $0.7825 on Aussie-kiwi demand following some
perceived negative kiwi remarks made by NZ PM Ardern
*As recovery efforts held shallow into Europe, early dollar demand took out the
reported corporate bids through $0.7800
*The break triggered fresh momentum supply, aussie crosses (aud/jpy) added
weight to $0.7779
*A period of consolidation followed, before another wave pressured to extended
pullback lows of $0.7774
*Support is seen at $0.7771 (Oct11 low), light stops noted on a break of $0.7750
(Oct10 low). Aussie last $0.7778.
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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.