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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 November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Corpus Christi Holiday, Strikes Could Stall BCB Data Release
- Local markets are closed Wednesday for Corpus Christi Holiday. Late yesterday, unions announced a partial work stoppage including workers at the Brazil Central Bank – effective on June 13th and 16th. Historic strikes at the central bank had caused delays and cancellations in data releases – although had little impact on monetary policy. It is worth noting that the next Copom decision is not scheduled until June 21.
- TD Securities issued a new trade recommendation overnight: sell NZD/BRL at 2.9662, to target 2.7860 with a stop/loss at 3.0730. They cite diverging growth dynamics and accommodative fiscal policy in Brazil setting up the BCB to disappoint market expectations for a near-term rate cut.
- Lastly, tighter liquidity conditions and lower issuance has prompted Citigroup to dismantle its Latin American corporate bond trading desk, according to reports in Bloomberg.
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.