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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessBBG Antitrust Source Piece Weighed Against Familiar Matters
The greenback has sold off (though the DXY is yet to re-visit yesterday's low), even as a BBG sources piece noting that a U.S. House panel is set to recommend an overhaul of the national antitrust law applied some light pressure to e-minis. That said, it seems that optimism surrounding U.S. President Trump's relatively quick release from hospital may have continued to dent USD.
- Early gains in AUD/JPY have been arrested by the aforementioned BBG antitrust piece and the rate has retreated towards neutral levels.
- Above-forecast south Korean CPI figures allowed USD/KRW to have a brief look below a key support level and print its worst level since Jan. The move through a previous cycle low was marginal and very brief, but the pair continues to hover just above there.
- USD/CNH has edged higher after sliding to a fresh YtD low yesterday.
- A double act from Team Australia (RBA decision & federal FY20/21 Budget) headline in Asia today, with China still off for holidays. Australian ANZ job ads & trade balance, U.S. & Canadian trade figures, German factory orders and comments from a fair number of Fed & ECB speakers (including their chiefs) take focus later in the day.
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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.