Free Trial

Cautious Mood Music Bites

AUD

AUD/USD tumbled on Tuesday as familiar risk-off factors undermined appetite for riskier currencies. The Aussie was the worst performer in G10 FX space.

  • Australia's consumer inflation expectations and labour market report will hit the wires tomorrow. The jobs data in particular will inform the ongoing debate surrounding RBA policy outlook.
  • China's inflation data may provide some overseas market impetus later today.
  • AUD/USD last operates at $0.7373, 5 pips lower on the day. Losses past Nov 9/5 lows of $0.7361/60 would clear the way to Oct 13 low of $0.7324. On the flip side, a rebound above Nov 4 high of $0.7471 would turn focus to the 200-DMA/50% retracement of the Feb - Aug sell-off at $0.7549/57.

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.