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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 China Daily Summary: Wednesday, December 11
Greenback Softer Ahead of NY, But Yield Gains Could Limit Downside
- The greenback is offered early Friday, with EUR/USD and GBP/USD through the overnight lows and Thursday's best levels under pressure ahead of the NY crossover. US yields are inching higher, with the 10y showing back above 3.80% - which could limit the USD's weakness headed into the crossover.
- AUD and NZD are among the strongest in G10, gaining alongside European equity markets and ahead of the November RBNZ decision next week, at which the bank are seen raising rates a further 75bps.
- GBP is also trading well, with GBP/USD reversing the entirety of the post-budget losses, aided by better-than-expected retail sales which rose 0.6% on the month to bounce off September weakness.
- US data quietens down Friday, with just existing home sales and the October leading index on the docket. ECB's Nagel & Knot, BoE's Mann & Haskel and Fed's Collins make up the speaker slate.
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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.