Free Trial

Weaker Aud/US yield spreads continued to.....>

AUSSIE
AUSSIE: Weaker Aud/US yield spreads continued to pressure overnight, Aud/Usd
made a brief show under $0.80 before dip buyers cushioned falls. Recovery
efforts have so far been shallow in early Europe as traders note the recent Aud
bull market run could be starting to turn. Markets look toward the US jobs
report today (1330GMT) with main attention once again on the AHE component. Next
support is seen at $0.7988/85 (Feb1 low, Congestion area Jan17-23). Last
$0.8009.

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.