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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 May Inject CNY1 Trln To Replenish Big Banks
AUD sinks as RBA signals no new rate hikes....>
FOREX: AUD sinks as RBA signals no new rate hikes are forthcoming
-AUD/USD slipped over a point following a speech from RBA's Lowe, who clarified
that while rate cuts are unlikely, the prospect for rate hikes has diminished
materially. Global risks stemming from China and the US and a weaker domestic
housing market have prompted the RBA to switch to a more neutral stance, causing
a number of RBA watchers to push back their rate hike expectations well into
2020. AUD/USD now sits comfortably south of $0.7150, with attention now turning
to the Statement on Monetary Policy due Friday.
-GBP trades well on little news, with markets clawing back some of the sharp
losses seen Tuesday. $1.30 looks a bridge too far for GBP/USD at present, with
GBP underperforming only the JPY in G10 so far.
-More woeful data from Europe has pulled the rug from under the EUR, with German
factory orders and Eurozone construction PMIs falling sharply. EUR/USD sits
below the $1.1400 handle which becomes first resistance.
-Canadian Ivey PMI is the data highlight, with US November trade balance also
due. BoC's Lane and Fed's Quarles are both due to speak.
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.