Free Trial

Despite the US dollar's weakness today and...>

AUSSIE
AUSSIE: Despite the US dollar's weakness today and since the beginning of the
year, AUD is underperforming this morning against both the USD and the NZD.
Strength in NZD has pressed AUD/NZD lower since the beginning of the year and
the rate is now fast approaching the 200DMA at NZD 1.0838, with negative
momentum continuing to build after the 50DMA fell below the 100DMA earlier this
week. A break of the 200DMA could easily open up a move toward the September
AUD/NZD lows at NZD 1.0825.

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.