Free Trial

Consolidation largely remained the theme.....>

AUSSIE
AUSSIE: Consolidation largely remained the theme overnight before comments from
RBA Debelle started to pressure. The Deputy Governor noted, solid upward
trajectory in non-mining investment, but also said, a rate rise requires rising
household income and growth and there is nothing that could force us to raise
rates. Aussie touched react lows of $0.7642, before dip buyers cushioned falls.
Recovery efforts continued late Asia/early Europe to hold around the $0.7660/65
area. Tech resistance is seen at $0.7682 (Hourly high), opening a move toward
the $0.7700 area ($0.7695/99 Nov10 high, 200-dma) which has been tough to break
in recent sessions. Aussie last $0.7665. 

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.