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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.
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Free AccessMNI: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
*Nov15 Aussie-dollar open $0.7631,...>
AUSSIE SUMMARY: *Nov15 Aussie-dollar open $0.7631, range $0.7576 to $0.7633
*Aussie opened in Asia toward the middle of the $0.7610 to $0.7650 range seen
yesterday, where US dollar weakness has largely been offset by falling commodity
prices and weaker global equities, leaving the Aussie broadly unchanged on the
day.
*Aussie traded sideways in a narrow $0.7626 to $0.7633 range ahead of local data
*Softer-than-expect Aussie wage data pushed the pair lower from near $0.7630 to
$0.7580. Q3 wage price index came in at 0.5% against MNI's median of 0.7%, the
data further highlights the excess capacity that still exists in the labour
market.
*Uptick were limited to $0.7590, supply in Aussie-yen then kicked the Aussie
down to a session low of $0.7576
*For the balance of the session the pair consolidated between $0.7580-90
*Support is noted at $0.7571/72 (Jul5-7 lows), while former support between
$0.7610-15 should encounter stiff resistance.
*A speech by RBA's Luci Ellis at 0700GMT is the initial focus ahead.
To read the full story
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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.