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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/Usd: Asia open $1.1807, range......>
EURO SUMMARY: Eur/Usd: Asia open $1.1807, range $1.1794-1.1818. Europe open
$1.1802, range $1.1784-1.1808.
* Eur/Usd recovered from Wednesday's low of $1.1740 to $1.1823 in NY before it
closed at $1.1807.
* Rate edged to an early high of $1.1818 in Asia on reported Eur/Jpy demand,
failure to take cross above Y129.00 reversed tack.
* Eur/Usd eased off to $1.1794, the move aided by a lift in UST yields, before
it edged back to the NY close into Europe.
* Early dollar demand/further UST yield gains pressed Eur/Usd down to an
eventual low of $1.1784.
* Position adjustments ahead of Friday's Jackson Hole, Fed Yellen and ECB
Draghi, with Germany Wiedmann drawing attention.
* Sterling pared some recent losses, Eur/Gbp eased from Wednesday high of
Gbp0.92365 to Gbp0.91975, added weight to Eur correction.
* US Weekly Jobless Claims and Existing House Sales provide focus into the
afternoon; one eye on Trump.
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.