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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/USD gained for the 7th time in 8.........>
FOREX: -AUD/USD gained for the 7th time in 8 sessions, putting AUD firmly at the
top of the G10 scorecard Wednesday. The initial rally in Asia spilled through to
both the European and US sessions, putting AUD on track to challenge the 50-dma
at $0.7310. The price action in AUD dragged NZD with it, and was underpinned by
firmer metals prices also, with some industrial metals rising well over 2%.
-The tentative risk appetite dented safe havens, with CHF in particular dropping
sharply. AUD/CHF enjoyed the best session since mid-July. The USD index slipped
back below the 100-dma, but remains well anchored at writing.
-UK CPI initially buoyed GBP, prompting GBP/USD to touch the highest levels
since July, but the gains were countered by reports in The Times that suggested
the UK and EU are still at an impasse on the Irish border issue. Attention
shifts to the so-called Brexit summit in mid-November for officials in
Westminster and Brussels to strike a deal.
-Focus Thursday turns to UK retail sales, US weekly jobs data and existing home
sales. ECB's Weidmann and Praet are also 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.