Free Trial

Early dip in Asia saw rate mark lows of......>

AUSSIE
MNI (London)
AUSSIE: Early dip in Asia saw rate mark lows of $0.7066 before meeting AUD/NZD
linked demand, according to local traders. Rate recovered, this time with the
aid of AUD/JPY buys which took it to an eventual high of $0.7094 ahead of
Europe. Into Europe and USD demand has emerged across the board which has
pressed rate back to $0.7073. Support said to remain at $0.7066, strengthening
into $0.7050. Resistance $0.7100, a move above $0.7115 to pressure weaker
shorts. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.