Free Trial

Flight To Safety Saps Strength From Aussie


Russian President Putin's announcement on the recognition of separatist "republics" in eastern Ukraine roiled risk after Sydney hours Monday, applying fresh selling pressure to AUD/USD. The pair has extended losses as local markets re-opened amid lingering aversion to take risk.

  • AUD/USD changes hands -10 pips at $0.7180. Bears see Feb 14 low of $0.7086 as their initial target and a break here would open up Feb 4 low of $0.7052. Conversely, a jump above Feb 10 high of $0.7249 would expose Jan 20 high of $0.7277.
  • RBA Asst Gov Kent will speak to the Australian Financial Markets Association later today. On the data front, focus turns to completed construction work and wage prices (Wednesday) as well as private capex (Thursday).

To read the full story



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.