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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 AccessMNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday
Fun at the fix - The much-watched April.......>
FOREX: Fun at the fix
- The much-watched April month-end fix delivered in spades Thursday, with
markets following through on signals that suggested the USD would be sold vs.
G10. Just ahead of the fix, GBP/USD and EUR/USD printed session highs, although
the JPY was sold in size also, helping EUR/JPY and USD/JPY snap recent
downtrends.
- The ECB decision came and went with relatively little fanfare, there were some
tweaks to existing programmes but markets welcomed the announcement of special
pandemic-targeting loads dubbed 'PELTROs'. CNH was lively at the European close
as the Washington Post released a story confirming that Trump is looking at
ways to take retaliatory action against China for allegedly mishandling the
initial Coronavirus outbreak. USD/CNH rallied above 7.08 in response.
- May Day celebrations in continental Europe keep a number of markets closed and
will likely have a dampening effect on volumes and liquidity. US ISM
Manufacturing data for April is the calendar highlight, but there are also final
manufacturing PMIs from US, Australia and UK.
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.