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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 $1.1842, range......>
EURO SUMMARY: Eur/Usd: Asia open $1.1842, range $1.1820-44. Europe open $1.1830,
range $1.1811-33.
* End month dollar sales, along with White House personnel moves, drove Eur/Usd
to a fresh recovery high of $1.1846 Monday.
* Rate marked a high of $1.1844 in opening Asian trade then eased to $1.1820.
* Rate recovered to $1.1834 ahead of Europe in a relatively slow Asian trading
session.
* Order driven trade in Europe saw rate extend lows to $1.1811, recover to
$1.1833 then pressed down to $1.1807.
* The dollar moves Monday switched over to cross activity Tuesday, with Eur/Gbp
pressured lower provided added weight.
* Little reaction to EZ Manufacturing PMI release in EZ, generally softer than
forecasts/Flash.
* US PCE at 1230GMT could provide the early NY drive ahead of ISM at 1400GMT.
* US political developments will also be in focus.
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.