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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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MNI Research
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Free AccessThe antipodean opened in Asia at $0.7929.....>
AUSSIE: The antipodean opened in Asia at $0.7929 toward the lower side of
yesterday's $0.7918 to $0.8036 range, where dovish rhetoric from RBA's Lowe, a
fall in base metal prices and a sharp decline in iron ore prices (-5.0%), all
combined to weigh heavily on the Aussie. There is no data or scheduled events to
impact trading in Asia. The weak close and general lack of bounce is likely to
see the Aussie extend losses a little further. Hourly resistance lies at
$0.7945, while demand has been reported on an approach to $0.7900, with
key-support then noted at $0.7883 (76.4% $0.7808-0.8125). Aussie was last at
$0.7933
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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.