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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 AccessAUD Catching Up With Buoyant Commodities
The reflationary theme in currency markets continues, with AUD/USD shooting higher and topping $0.80 for the first time since 2018. The currency's taken the lead from commodity markets, whose persistent rally has extended this week and put AUD/USD within range of the key double top resistance from 2017/2018 at 0.8125/36.
The greenback is softer, but JPY is the weakest in G10 alongside CHF as risk sentiment and the reflationary theme continues to work against haven currencies.
Scandi currencies outperform, with NOK, SEK firmer. Both currencies are are new multi-month highs against the greenback.
Focus Thursday turns to weekly jobless claims, another revision for Q4 GDP data, prelim durable goods orders and January pending home sales data. The central bank speaker slate is once again busy, with comments scheduled from Fed's Bostic, George, Bullard, Quarles & Williams as well as ECB's Lane, Guindos and de Cos.
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.