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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 AccessMNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
BRL Depreciation Continues As Equities Slide, Falls Over 1%
- USDBRL has risen over 1% to start the week as the dollar trades on the front foot and equities have been under pressure during US hours.
- Price action extended through the highs from last week where the BCB intervened via a USD spot auction. Key resistance is fast approaching at 5.7018.
- Firmer dollar and waning risk sentiment has weighed on the MXN as well, reversing earlier gains.
- Latest headline: *Mexico could further reduce Pemex DUC tax burden, AMLO says (BBG)
- Below gives key levels of LatAm markets in current trade:
- USDMXN up 0.27% at 20.9472
- USDBRL up 1.018% at 5.6750
- USDCLP up 0.26% at 844.5
- USDCOP down 0.47% at 3882.8
- USDPEN up 0.2% at 4.0675
- BBG Dollar Index up 0.35% at 1184.55
- JPMorgan EM Ccy Index down 0.2% at 52.131
- S&P E-Mini Future down 28 points (-0.6%) at 4675.25
- US 10-Yr yield is down 4.9 bps at 1.4343%
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.