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Market News Topics
October 10, 2017 04:52 GMT
*Oct10 Aussie-dollar open $0.7753,...>
AUSSIE SUMMARY
AUSSIE SUMMARY: *Oct10 Aussie-dollar open $0.7753, range $0.7750 to $0.7790
*Aussie opened in Asia toward the lower side of Monday's $0.7748 to $0.7782
range, where consolidation was the theme in holiday ravaged markets.
*After trading sideways in a $0.7750-60 range, demand in Aussie-yen surfaced
from Japanese investors that pushed the Aussie from the mid-$0.7750's to $0.7790
before fading
*Improved Nab Business confidence also helped sentiment, September's Business
confidence came in at 7, up from 5 in August while Business conditions were
unchanged at 14.
*Consolidation then became the theme, the pair held a narrow $0.7778 to $0.7788
range ahead of the European open
*Resistance is being found around the 100-dma, currently at $0.7789, while
Asia's low of $0.7750 provides initial support.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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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