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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
-After looking fragile throughout the Asia....>
FOREX: -After looking fragile throughout the Asia and European trading day, CAD
surged well over 1% against all other G10 FX as the Bank of Canada hiked rates
and, most importantly, removed the word 'gradual' from their policy statement.
This raised the odds of a December rate hike markedly, pressing USD/CAD well
below the 100- and 50-dmas. USD/CAD bears now eye the 200-dma at C$1.2910.
-Outside of the CAD, DXY gained further and sits just shy of the mid-August
highs, assisted by further falls in global equity markets.
-USD/CNY added to the recent rally and USD/CNH popped above the week's best
levels as MNI reported that China's authorities may allow USD/CNY to rise
through 7.00 by the year's end. USD/CNY calls with strikes above the 7.00 level
were increasingly popular throughout the session.
-GBP/USD and EUR/USD fell through $1.29 and $1.14 respectively as further Brexit
uncertainty and poor Eurozone figures fuelled flight to quality.
-Thursday's ECB rate decision takes focus, with markets also eyeing German IFO
data, US weekly jobs numbers and speeches from Fed's Clarida and Brainard.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.