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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.
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Free AccessThe Aussie opened in Asia at $0.7852 at......>
AUSSIE: The Aussie opened in Asia at $0.7852 at the lower side of the $0.7845 to
$0.7919 range witnessed yesterday, where softer commodities, led by oil and
hawkish comments from Fed's Dudley undermined the antipodean. RBA minutes from
their August meeting is the main focus for investors, but given we have since
had RBA's Statement on Monetary Policy and a speech by Governor Lowe, traders
expect the minutes are unlikely to provide any major surprises. Initial support
is located at $0.7839 (Aug11 low), with key support then seen at $0.7818 (50%
$0.7571-$0.8066), while hourly resistance lies between $0.7870-80. Aussie was
last at $0.7854.
To read the full story
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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.