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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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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: China CFETS Yuan Index Up 0.01% In Week of Nov 29
MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
Fedspeak keeps USD on the backfoot -The.......>
FOREX: Fedspeak keeps USD on the backfoot
-The greenback is, once again, one of the poorest performers in G10 Friday, as
the newly-harmonious message of the FOMC continues to weigh. Overnight, Fed's
Clarida added to the chorus, stating that the Fed "can afford to be patient" and
that "if crosswinds are sustained, Fed policy should offset them". USD index
remains uncomfortably close to the 200-dma, a level it hasn't traded below since
early May 2018, at 94.883.
-At the other end of the table, antipodean FX and the Chinese Yuan are
outperforming. Reports overnight suggested trade talks between China and the US
had advanced, with Treasury Secretary Mnuchin eyeing plans for China's top trade
envoy Liu He to travel to the US in the coming weeks. USD/CNH edged to fresh
multi-month lows on the news, helping underpin both AUD and NZD in G10.
-EUR trade modestly weaker on poor domestic data, with Spain and Italy joining
France and Germany in posting terrible industrial production figures.
-US December CPI is the data highlight, with ECB's Visco also due to speak from
Rome.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.