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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 AccessDXY Prints Fresh 22-Month Low
Early risk-off flows, inspired by bubbling Sino-U.S. diplomatic tensions
and lack of any imminent fiscal agreement among U.S. lawmakers, have
eased, but USD/JPY continued to ebb lower, albeit Friday's multi-month
lows are yet to be tested. A bid in spot gold has helped pressure the
greenback. DXY sank firmly through Friday's worst levels and printed a
fresh 22-month low.
- AUD underperformed from the off, as markets digested news flow re:
Sino-U.S. tensions & a record daily Covid-19 death toll in Victoria
from over the weekend. The currency has recovered since, with USD weakness
pushing AUD/USD into positive territory. RBA's Kent echoed Gov Lowe's
message re: AUD, as he expressed preference for a lower FX rate, while noting
that AUD trades in line with fundamentals. - NOK leads gains in G10 FX space, even as its oil-tied peer CAD sits
towards the bottom of the pile. - Focus turns to German Ifo Survey and flash U.S. durable goods orders.
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.