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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 US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
NSW Covid Matters Still In Focus
AUD/USD firmed Thursday, drawing support from buoyant risk appetite. Despite edging higher through the day, it failed to challenge the prior day's high, making Thursday a bullish inside day.
- Australia's underlying cash deficit was A$125.4bn in the 11 months through May 31, according to the gov't's latest financial statements.
- China filed a lawsuit against Australia at the WTO over the anti-dumping and anti-subsidy measures imposed by Canberra on Chinese railway wheels, wind towers and stainless steel sinks, in another sign that bilateral trade relations are getting increasingly strained.
- The NSW gov't holds a crisis meeting today to discuss the local Covid-19 situation.
- Australian economic calendar for next week features private sector credit (Wednesday), job vacancies & trade balance (Thursday) as well as housing finance data (Friday). RBA Gov Lowe will speak on Wednesday.
- AUD/USD trades flat at $0.7583, with bulls looking for a break above a cluster of Jun 23 high/round figure/ 23.6% recovery of the Feb 25 - Jun 21 slide located at $0.7599/0.7600/0.7603 respectively. Next resistance is at $0.7726, the high print of Jun 14. Bears keep an eye on Jun 21 trough at $0.7476.
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.