Free Trial

RBA Lowe's dovish comments earlier during....>

AUSSIE
MNI (London)
AUSSIE: RBA Lowe's dovish comments earlier during the Asian session dropped
AUD/USD to an eventual European morning low of $0.7123, from an earlier high of
$0.7246. Recovery remained capped below $0.7140 through to NY before it retested
the earlier low through the 1600GMT fix. A shallow recovery above $0.7130 proved
short lived as rate again came under pressure during the NY after as rate was
pressed on to $0.7114. Next support noted into $0.7110(Jan07 low) with further
support seen into $0.7100-0.7095.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.