Free Trial

*Oct2 Aussie dollar open $0.7841,....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Oct2 Aussie dollar open $0.7841, range $0.7817 to $0.7848. 
*Aussie opened in Asia toward upper side of Friday's $0.7817 to $0.7858 range
*With the Sydney markets closed for Labour Day it was a slow start to the new
trading month, the pair held a $0.7832 to $0.7848 range in early trading
* Much firmer UST yields then encouraged broad based US dollar demand, Aussie
faded from the mid-$0.7840's to $0.7817. Aussie-yen demand amid improving
risk-sentiment somewhat negating dollar strength and provided a cushion for the
antipodean.
*For the balance of the session the Aussie consolidated near to the session low
and held a $0.7817 to $0.7826 range.
* Resistance is found at $0.7858/60,  Sep29-28 highs and potentially a
double-top, while support is noted at $0.7817/00 (Sep29 low, Sep28 low & daily
cloud base)

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });