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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: PBOC Net Drains CNY33.8 Bln via OMO Wednesday
MNI BRIEF: Aussie Trimmed Mean Rises In Oct
GBP left behind as UK parliament expedites....>
FOREX: GBP left behind as UK parliament expedites Brexit process
-After starting well across Asia and Europe, GBP/USD slipped in NY trading hours
as UK parliament communicated June 12th as the date for debate on amendments to
the EU withdrawal bill. The rate briefly slipped below the $1.33 handle, but
downside was limited and market is yet to test last Friday's low.
-AUD outperformed throughout NY hours, with Australian retail sales continuing
to support the pair ahead of the RBA rate decision overnight. AUD/USD remains on
track to close above the 50-dma for the first time since April.
-Generally positive equity markets helped risk across the board, leading the JPY
and CHF to be among the worst performers today. The moves come despite Trump
remaining firm on steel and aluminium tariffs while EU powers continue to seek a
climbdown before resorting to the WTO. USD/JPY remains below the Y110 level
which may provide key resistance ahead of the Y110.21 200-dma.
-The Asia-Pac session sees the RBA rate decision before Eurozone and UK services
PMIs and speeches from ECB's Nowotny, Weidmann and BoE's Cunliffe.
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.