Free Trial

Little reaction in AUD to the in-line AU.....>

AUSSIE
AUSSIE: Little reaction in AUD to the in-line AU retail sales print & narrower
than expected trade data. AUD/USD last dealing 10 pips or so lower on the day at
$0.7257, taking a modest hit on the back of slight risk aversion in the FX
space, stemming from a sharp move lower in U.S. equity index futures & a Huawei
executive being detained in Canada owing to breaches of Iranian sanctions, with
the U.S. seeking her extradition.
- Rate trades below the 21-DMA of $0.7265, next support noted at the 100-DMA of
$0.7239, followed by the November 28 low at $0.7221.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.