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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 China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
Dollar down in the dumps despite Trump's......>
FOREX: Dollar down in the dumps despite Trump's attempts to rebuff greenback's
slide.
-After a relief rally late yesterday, Asia took the initiative and sold the USD
throughout the overnight session, helping lift GBP/USD and EUR/USD back toward
multi-month highs.
-GBP is outperforming as GDP fared better than expected (0.5% Q/Q, 1.5% Y/Y),
EUR/GBP printed down at Gbp 0.8724 on the initial react.
-AUD trades well alongside better metals and energy prices - AUD/USD now sits
just shy of yesterday's multi-month highs ($0.8119).
-USD/JPY is recovering in early NY and trades just above Y109, but is still
nursing USD-induced losses amid disappointing CPI figures overnight.
-EUR trades quietly, but significant option interest at $1.2415-25(E2.0bn) will
continue to garner interest.
-Markets remain focused on Trump: he's being interviewed at 1100GMT before a
speech at 1300GMT. Any further chatter on the USD will be eyed despite various
officials attempting to clarify and refine Mnuchin's earlier comments.
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.