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AUSSIE BONDS

Futures A Touch Below Late Overnight Levels

MYR

Rangebound

AUD

Higher Energy Prices Lend Support

AUSSIE
MNI (London)
AUSSIE: Extended its post local ANZ job ads and ANZ consumer confidence data
releases to a low of $0.6905 with some linking the move to the effect of the
current bush fires on Australian growth (Goldman Sachs suggesting growth will
take a 0.3 percentage point hit over the December and January quarters due to
the fires) whilst some point to a suggested option expiry at $0.6910 at the
Tokyo cut (no amount mentioned). Rate has recovered but seeing some headwind
resistance into $0.6920. Key support seen at the 200-dma that sits below the
figure at $0.6897. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com