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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 AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
Antipodeans on top as safe havens retreat.....>
FOREX: Antipodeans on top as safe havens retreat
-Monday's theme has been consolidation after a volatile week, allowing AUD and
NZD to climb modestly throughout the Asia-Pac session and into the European
morning. Modestly higher equity markets in mainland Europe assisted the move as
US equity futures retrace recent losses and indicate a higher NY open. AUD/USD
recovered further from the YTD low printed Friday but is yet to escape the
recent downtrend with markets remaining happy to sell rallies at this stage.
-EUR dipped slightly on confirmation that the German Chancellor Merkel will not
contests the next leadership contest for the CDU (but aims to remain the
country's chancellor for now), but the losses were shortlived and EUR/USD trades
well within the Friday range.
-Improving equities helped dent JPY and CHF, which sit at the bottom of the G10
table Monday and could worsen further if US stock markets extend this morning's
recovery. USD/JPY eyes Friday's Y112.44 highs for direction at this point.
-It's a busy week for data, with US personal income and spending due today as
well as a speech from Fed's Evans. US Nonfarm Payrolls are due Friday.
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.