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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Data
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Global Macro
Global Macro
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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Greenback Weakens, AUDNZD Rises 0.75% Following Soft NZ Inflation Print
- Philly Fed Manufacturing index data was surprisingly weak in April (-31.3 vs. -19.3 est.), marking a near-three year low for the metric. Despite a brief bout of USD strength before the data, the greenback weakened in the aftermath and sits moderately lower approaching the APAC crossover.
- An associated recovery for major equity indices boosted the likes of the Aussie, which is the strongest in G10. In particular, AUDNZD gains of 0.75% are notable on Thursday as the New Zealand dollar remains weighed down by a softer inflation print overnight. Q1 CPI slowed to 1.2% against expectations of a 1.5% print, helping prompt a number of sell-side outfits to redraw RBNZ expectations around the May interest rate hike possibly being the last in the cycle.
- The Japanese Yen was among the best performers on the back of lower core yields with particular outperformance seen at the front-end of the US curve following the US data. USDJPY had reached an overnight high of 134.97 before sliding all the way back to the 134.00 handle throughout US hours.
- EUR/NOK continues to grind higher, hitting a new cycle best at 11.6444 today and the highest since Apr'20. Key upside level in EUR/NOK crosses at 11.7486 - the 61.8% retracement for the 2020-2022 downleg and could come into play should the Apr'20 high of 11.6966 give way.
- Focus quickly turns to flash PMI data on Friday for any signals on the trajectory for the health of eurozone and the US economies. Retail Sales data for both the UK and Canada will also cross.
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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.