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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 AccessEarly Asia-Pacific trade saw USD weakness.....>
FOREX: Early Asia-Pacific trade saw USD weakness with the Antipodean/USD crosses
moving above some round figures, while EUR/USD tested resistance & USD/JPY
breached Wednesday's intraday low. The greenback has now regained some poise.
- BOJ's Kataoka reiterated his dovish stance, which allowed the major JPY
crosses to tick away from worst levels. Support in USD/JPY & EUR/JPY, at Y111.15
& Y129.44 respectively, held, after some early strength in the JPY, which was
perhaps a result of the latest earthquake in Japan, with insurers likely
repatriating additional cash to cover the earthquake & the typhoon that hit
earlier this week; the JPY remains the outperformer within the majors.
- AUD/USD hit a high of $0.7211 on the USD weakness, before fading as ANZ & CBA
followed Westpac, and lifted their variable mortgage rates by 0.16% & 0.15%
respectively, meaning that NAB is the only bank within the big 4 not to do so
thus far. Bears eye the YtD/May 24 2016 low ($0.7145).
- The Riksbank MonPol decision, Fed's Williams, ECB's Lautenschlaeger & BOC's
Wilkins headline Thursday, as well as the scheduled imposition of additional
U.S. tariffs on China.
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.