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Why MNI
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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
Dollar strength pervades for a fifth..........>
FOREX: Dollar strength pervades for a fifth session as eyes turn to Fed
-The USD index rallied further Tuesday, with gains most evident against the AUD,
GBP and NZD, as the greenback's winning streak boosted the currency to its
strongest level since mid-June. The gains appear built on the expectation that
Wednesday's testimony from Fed Chair Powell will affirm the market's recent
retrenchment of Fed easing expectations.
-MXN slipped sharply just after the London close as the country's well-respected
finance minister unexpectedly resigned via a highly critical statement posted on
Twitter. USD/MXN ripped through the 100- and 50-dmas in response, before finding
some resistance ahead of the 200-dma at 19.3798.
-AUD underperformed all others in G10 as industrial metals sagged. Iron ore and
copper were off well over 1%, adding weight to mining stocks and the AUD, which
underperformed from the off.
-Powell's testimony will likely be the highlight of the Wednesday session, but
the Bank of Canada rate decision is also due. Data includes UK production
numbers for May and US wholesale inventories.
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.