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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 BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
MNI BRIEF: China Sees Progress On EU EV Deal
*Nov8 Aussie open $0.7645, range.....>
AUSSIE SUMMARY: *Nov8 Aussie open $0.7645, range $0.7639 to $0.7659
*Aussie opened in Asia toward the lower side of the $0.7627 to $0.7701 range
seen yesterday, where softer commodities (CRB index down by 0.37%) and a
modestly stronger US dollar placed the Aussie on the defensive.
*Initially edging lower to $0.7639, the Washington Post article caused the US
dollar to be modestly weaker across the board. The article stated that Senate
Republican leaders are considering a one-year delay in the implementation of a
major corporate tax cut, the paper cited four people familiar with a draft
legislation. Aussie rose higher to $0.7659 before meeting supply
*For the balance of the session consolidation took hold, the Aussie mostly
traded 5 pips either side of $0.7650
*Support remains at $0.7627/25 (Nov7,Oct27 lows), while resistance continues to
be stubborn around the 200-dma, currently at $0.7699.
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.