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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 ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Broader risk off flows, briefly interrupted...>
FOREX: Broader risk off flows, briefly interrupted by Chinese Pres Xi's positive
comments re: trade, were the main theme of today's Asia-Pac session, which
opened with mkts absorbing mixed Brexit headlines from the weekend. Cable has
added ~15 pips to trade at $1.2985, back from the $1.3065 it touched in early
indicative readings. The Times' story claiming PM May has "secured private
concessions from Brussels" initially provided support to GBP, but was countered
by No. 10's denial, as well as reports pointing to UK Brexit Min Raab wanting
the option to pull out of a backstop after 3 months & scepticism from Brussels
re: chances of a deal
- AUD & NZD posted short-lived upticks on the back of Chinese Pres Xi's remarks
re: opening up of imports. AUD/USD last trades at $0.7192, while NZD/USD sits at
$0.6644, with NZD underperforming as the NZ Tsy highlighted worry re: Biz conf.
Both trade slightly lower vs. the USD. USD/JPY stuck to a tight, 13 pip range.
- Points of note this week include the RBA, RBNZ & Fed MonPol decisions. Focus
today falls on UK Services PMI with, UK GDP due Friday. The U.S. Mid-term
elections Tuesday will also be closely watched.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.