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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 AccessEur/Usd: Asia open $1.1822, range......>
EURO SUMMARY: Eur/Usd: Asia open $1.1822, range $1.1813-38. Europe open $1.1830,
range $1.1824-47.
* Eur/Usd recovery off Wednesday NY low of $1.1736 extended to $1.1827 ahead of
the close($1.1823).
* Dovish tones in the FOMC Minutes(though not seen offsetting Dec hike) kept
pressure on the Usd in Asia.
* However, early downside pressure on Eur/Jpy, in a Tokyo holiday thinned
market, eased Eur/Usd to $1.1813.
* Sharp snap back in Eur/Jpy took Eur/Usd up to $1.1838, then settled around
$1.1830 into Europe.
* Rate retained buoyancy in early Europe, managed to extend upside move to
$1.1847 on strong flash EZ PMI data.
* German politics continue to influence, SPD said could support a Merkel
minority govt but no grand coalition.
* US Thanksgiving holiday expected to make for thin conditions into afternoon
trade.
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.