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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 AccessSoaring Commodity Prices Support Aussie
Weekend talk of potential restrictions on imports of Russian oil (the White House flagged ongoing consultations with European allies) has lent support to AUD/USD in early Sydney trade, despite signs that the U.S. is launching diplomatic efforts to court alternative suppliers.
- AUD/USD topped out at $0.7395, the highest level since Nov 9, and last trades +22 pips at $0.7392, with bulls setting their sights on Nov 9 high of $0.7432. Bears look for a dip through Mar 1 low of $0.7239 towards Feb 24 low of $0.7095.
- PM Morrison warned that the war in Ukraine will "inevitably stretch" to the Indo-Pacific as he prepared for the announcement of a A$10bn project to build a new base for a future fleet of nuclear submarines. Morrison will make the announcement during his foreign policy speech to the Lowy Institute today (12:30 AEDT).
- On the data front, focus turns to ANZ job ads (Monday), NAB Business Confidence (Tuesday), Westpac Consumer Confidence (Wednesday) & consumer inflation expectations (Thursday).
- RBA speaker slate includes remarks Gov Lowe (Wednesday & Friday) as well as Dep Gov Debelle (Wednesday).
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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.