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Policy
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global 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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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Tuesday, January 30
MNI: PBOC Sets Yuan Parity Higher At 7.1055 Tues; -6.03% Y/Y
MNI China Press Digest Jan 30: PBOC, He Lifeng, Evergrande
Goldman: Sticking With Shorts As Global Rebound Dominates Differentiation
Goldman Sachs note that "despite the Dollar rally to start 2021 we are not inclined to change our bearish medium-term forecasts. First, the economic outlook primarily features a synchronized global rebound, not regional divergence. Every country in the world is dealing with the same challenge -controlling covid while supporting the economy - and all will rebound as vaccination allows a reopening of high-touch industries. Until the vaccination process progresses further, we favor positioning for a broad global recovery through USD shorts rather than variation in near-term growth prospects through non-USD crosses. Second, further steepening of the US yield curve should not have major implications for most currencies (although JPY may be an exception). Front-end rate differentials matter much more for currency markets, and the Fed has made a credible commitment to keep policy rates at zero until inflation picks up. Third, we still think the starting point matters: the Dollar is highly valued and highly positioned after a long stretch of US economic and asset market outperformance, suggesting greater downside than upside for Dollar crosses. We therefore stay short USD vs CAD and AUD in G10, vs a basket of crosses in EM, and vs CNY (via unhedged CGBs)."
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.