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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 OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Cable: Sep30 close $1.3205,........>
STERLING SUMMARY: Cable: Sep30 close $1.3205, Sep31 Asia range $1.3193-1.3215
*Euro-stg: Sep30 close stg0.8819, Sep31 Asia range stg0.8804-23
*Persistent eur-stg sales took cable back above $1.3200 on Monday
*A Bloomberg report that signaled that the House of Representatives is
considering a 5-year period to introduce Trump's tax cuts, triggered fresh
dollar sales. Cable printed highs of $1.3215 before profit take supply eased
ahead of the NY close
*Broad dollar sales in early Asia lifted cable to $1.3215, failure to take out
yesterday's NY high prompted a wave of profit taking to hold $1.3203/08
*As the dollar recovered cable dipped back under $1.3200, touched pullback lows
of $1.3193 before dip buyers cushioned falls
*Consolidation largely remained the theme with main focus on the BOE on Thursday
*Euro-stg was contained in a narrow stg0.8804-23 range. Month-end flow expected
to drive into Europe, last stg0.8809.
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.