Free Trial

Immediate reaction to the RBA's statement....>

AUSSIE
AUSSIE: Immediate reaction to the RBA's statement has seen the Aussie drop from
$0.8025 to $0.7997, traders noting, RBA's comment that higher A$ is weighing on
outlook for output and employment, they add, overall, RBA seems fairly upbeat,
leaving forecasts largely unchanged and expects inflation to increase gradually.
The Aussie has since recovered from the low to trade to $0.8036 and last trades
at $0.8032. Resistance lies at $0.8043 (Asia high), a break opens $0.8066 (YTD
high), while hourly support is located at $0.7997-95.  

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.