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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
EUR ebbs higher, but nothing impressive.......>
FOREX: EUR ebbs higher, but nothing impressive given recent dollar move
-The greenback saw some firm support as US 10yr yields breeched the 3% level for
the first time since 2014 at the NY crossover, helping lift USD/JPY to
multi-month highs and back above Y109. The move, however, was short-lived as
higher yields and a poor set of bluechip earnings weighed on equities from the
off. Most major US indices traded lower by as much as 2% at some points in the
session.
-As a result, USD/JPY recoupled with stock markets, pressing the pair back
toward the Y108.50 level and helping relieve the major pairs (particularly
EUR/USD) from the day's lows.
-NZD/USD had another poor session, extending the losing streak to six
consecutive trading days as a balanced set of Australian CPI figures led to more
demand for AUD/NZD throughout the Asia session.
-Tomorrow, data is particularly light, leaving focus firmly on Thursday's ECB
rate decision and Friday's advance US GDP figures. Tomorrow also sees BoC's
Poloz and Wilkins appearing in Senate.
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.