Free Trial

The pair opened in Asia at $0.7914 toward....>

AUSSIE
AUSSIE: The pair opened in Asia at $0.7914 toward the middle of the $0.7887 to
$0.7943 range witnessed yesterday, where a strong US JOLTS report, openings rose
by 4% m/m, the fastest monthly pace of job openings growth in over a year,
helped to underpin the greenback. Up shortly, RBA Assistant Governor Chris Kent
gives a speech at a Bloomberg function(2200GMT). The subject of his speech is
not known. Data wise, Westpac's monthly consumer sentiment (0030GMT) and China
CPI/PPI (0130GMT) provide the data risk. Key support is seen at $0.7877 (38.2%
fib $0.7571-$0.8066), while resistance is located at $0.7947 (38.2% fib
$0.8043-$0.7887). Aussie was last at $0.7914

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.