Free Trial

Eyes On RBA Rhetoric

AUD

China's upbeat activity data and generally firmer risk appetite provided some initial support to AUD/USD Monday. The rate trimmed gains late doors, as broader mood music turned more cautious.

  • With the pair last operating at $0.7347, virtually unchanged on the day, bulls look to a move through yesterday's high of $0.7371. The next layer of resistance is provided by Nov 9 high of $0.7432. On the downside, bears look for losses past Nov 12 low of$0.7277.
  • Australia's ANZ Roy Morgan Weekly Consumer Confidence fell to 106.0, the lowest point in five weeks.
  • The RBA will publish the minutes from their most recent monetary policy meeting today, while Governor Lowe will speak on "Recent Trends in Inflation."

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.