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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Commodities
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Real-time insight of oil & gas markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Free AccessRecovers Lost Ground
A weaker than expected jobs number saw the greenback weaken which helped AUD/USD reclaim its losses from earlier this week. The pair rose from around 0.7660 to highs of 0.7745, last flat on the session at 0.7739.
- Melbourne continues its lockdown which is scheduled to end on June 10 while wider Victoria relaxed some restrictions on Friday, Victoria reported 11 new coronavirus cases on Monday, up from two on Sunday.
- From a technical perspective AUD/USD broke through key support at 0.7675 Thursday, before a post-payrolls bounce into the Friday close. The break lower signals the end of the recent period of consolidation that has been in place since mid-April. A stronger sell-off would open 0.7586, the Apr 13 low and would also expose 0.7532, Apr 1 low and a key support. Initial resistance has been defined at 0.7773, Jun 2 high ahead of 0.7813, May 18 high. A break of the latter would ease any developing bearish pressure.
- A fairly quiet economic docket with ANZ job ads data and the latest round of scheduled RBA ACGB purchases headlining locally on Monday. Markets will also watch Chinese trade data due later in the session which could have an effect on AUD.
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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.