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Policy
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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 AccessFOREX SUMMARY
USD stayed better offered, benefitting most majors today.
- Rising inflation expectations, odds of a US stimulus deal on the horizon, and speculations that Trump could be back at the White House today, have all weighted on the Greenback.
- EUR extended gains versus most G10, beside the NOK, on the risk aversion and recovery in Oil price.
- USDNOK is through the October low, and best performing currency against the USD in G10, up 1%
- USDNOK eye psychological 9.20 next, now at 9.22 at the time of typing, ahead of 9.1800 below.
- EUR, extended through the high of the session against USD, CAD, TRY, RUB, and AUD.
- EURUSD broke initial resistance at1.1770/73 High Oct 1 / Trendline drawn off the Sep 1 hig, to print a 1.1798 high.
- EMFX have traded within ranges, taking their cue from the risk aversion.
- Looking ahead, UK: Health Sec To Deliver Statement To Commons At 1530BST On COVID-19 Case Issue.
- Recall: weekend news on Covid and how 15,841 positive Covid cases weren't registered on its data system between September 25 and October 2,
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.