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Why MNI
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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 AccessAMLO Remains Optimistic Over US Trade Dispute
- USDMXN trades lower broadly in line with the dollar indices, consolidating around the 20.00 mark. A continuation higher would further undermine a recent bearish threat and expose resistance at 20.2944, the Sep 1 high. On the downside, a break of Monday’s low of 19.7533, the Sep 12 low, is required to reinstate a bearish theme.
- President AMLO said Mexico will work with the US to resolve company complaints while developing joint energy investments as both countries try to tone down an ongoing trade dispute.
- AMLO hailed U.S. Commerce Secretary Gina Raimondo for her attitude in talks this week, saying she gave no indication of wanting to punish Mexico over an energy dispute between the two countries.
- "The word tariff or sanction wasn't even used, nothing," he added, saying there was no cause for such measures and stressing that the two sides wanted to deepen economic ties. (Reuters)
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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.