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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: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
Early Asia-Pacific trade has seen GBP.........>
FOREX: Early Asia-Pacific trade has seen GBP extend its pullback from
yesterday's peak registered after the Commons passed the amended, non-binding
motion to reject a no-deal Brexit. Cable has slid through the $1.3300 mark
before seemingly consolidating below the figure. Later today, the Commons will
vote on asking the EU for an extension to Article 50.
- Cable weakness has spilled over into some of the other majors, with JPY, AUD &
NZD all lower against the greenback, while CHF & EUR hover around unchanged
levels vs. USD.
- Modest pressure on JPY is likely stemming from an uptick in Japanese equities.
- AUD/USD has failed to break below the nearest support level at $0.7068, which
represents the cloud top.
- All eyes are now on the Chinese activity data due at the top of the hour.
After that, focus will turn to U.S. initial jobless claims, Swedish
unemployment, as well as French & German CPI data. Elsewhere, ECB's Visco,
Riksbank Dep Gov Ohlsson & BoC Snr Dep Gov Wilkins are all due to speak.
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.