Free Trial

*Dec13 aussie-dollar open $0.7558,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Dec13 aussie-dollar open $0.7558, range $0.7553 to $0.7581
*Aussie opened in Asia toward the upper side of the $0.7519 to $0.7580 range
witnessed yesterday, where M&A activity was seen to underpin the Aussie, with
news that Unibail-Rodamco, a French owner of shopping malls, had agreed to buy
Westfield for A$32.7bn, of which around 35% will be paid in cash.
*Aussie consolidated within a $0.7553 to $0.7578 range for the majority of the
session
*News that Democrat Doug Jones had defeated Republican Roy Moore in Alabama's
Senate election caused a brief bout of dollar weakness, aussie inched higher
from near $0.7572 to $0.7581 before fading
*Dips were then held to $0.7568 and approaching the opening of European markets
trades at $0.7575.
*US CPI and FOMC provide the main event risks for the session ahead

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' }); });