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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.
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Free AccessEuropean open $0.7851, range.........>
AUSSIE SUMMARY: European open $0.7851, range 0.7844-0.7868, NY open $0.7854,
range $0.7853-0.7910
- Pressure on the greenback at the NY open witnessed the rate spike towards
$0.7865
- Weaker-than-expected US CPI sparked a wave of fresh dollar sales, aussie
spiked to react highs of $0.7899 before fading.
- The break back above $0.7900 triggered fresh demand from momentum type
accounts to $0.7908.
- The dollar pared back its post CPI losses, dropping from the session highs of
$0.7908 towards $0.7880.
- In reaction to the Russian Foreign Minster Lavrov remarks (Rtrs) witnessed a
further round of dollar demand, as the rate slips towards $0.7865
- A somewhat dovish tone from the Fed's Kaplan witnessed the rate grind towards
$0.7885. Broad based dollar pressure following commodities, witnessed the rate
grind to a new intra-day high of $0.7910 before slipping back towards $0.7895
into the Ny close.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.