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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
Eur/Usd: Asia open $1.1646, range......>
EURO SUMMARY: Eur/Usd: Asia open $1.1646, range $1.1626-55
* Eur/Usd opened Asia toward the middle of yesterday's $1.1625-61 range, where
consolidation was theme in Europe and US markets.
* Reports 'excellent progress' made on the US tax bill encouraged a rise in US
rate yields, Eur eased from $1.1655 to $1.1626.
* Rate began to recover into Europe with fresh demand via Eur/Jpy, edged rate to
an eventual extended high of $1.1657.
* As Usd/Jpy pushed above Y114.00 it gave the Usd a general boost and pressed
Eur/Usd back to $1.1632.
* Release of stronger than forecast UK Mfg PMI weighed on Eur/Gbp which added
further weight on Eur/Usd.
* Into the afternoon and market awaits US ADP and ISM data ahead of FOMC(no
change expected, Dec meet in focus).
* US Trump Fed Chair expected Thursday. US NFP Friday.
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.