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Why MNI
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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: PBOC Net Drains CNY216 Bln via OMO Monday
Eur/Usd: Asia open $1.1946, range......>
EURO SUMMARY: Eur/Usd: Asia open $1.1946, range $1.1921-55. Europe open $1.1940,
$1.1915-56.
* Disappointing US data Friday countered Eur/Usd's recovery,rate eased From
$1.1987 to $1.1930, settled around $1.1950 into close.
* Rate was marked down at Asian open as risk off positions pared following an
uneventful weekend/Praet comments.
* As full Asia(minus Tokyo due to holiday) settled in rate recovered to $1.1955,
then eased off to $1.1938 into Europe.
* Usd came under general pressure early Europe and allowed for a push up to
$1.1956 before reversal.
* Usd correction pressed rate through the early Asia low of $1.1921 to $1.1915
before it recovered to $1.1940.
* Confusion on EZ CPI release allowed for an edge to $1.1946 before rate settled
back around $1.1940.
* US FOMC Wednesday provides main focus following last week's strong US CPI
release.
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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.