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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
INR Snaps Winning Streak
The rupee declined yesterday for the first time in five sessions, pressured by stock outflows and touted profit taking after USD/INR declined some 1.9% in August, the move was exacerbated by rumoured RBI USD buying. The move lower in USD/INR could be running out of steam, implied volatility has been declining, 6-month implied volatility dropping to the lowest level since February 2020, while 1-Year forward points have narrowed to around 314bps, the 300bps level has in the past been a threshold for slowing INR gains.
- Meanwhile bonds could find support today, tracking a move in US tsys and as oil continues its decline. Oil is under pressure after Russian oil min Novak said the country could raise oil output above the OPEC+. The OPEC+ group agreed to go ahead with the planned 400k bpd increase scheduled for October, wagering that the spread of the delta variant won't derail demand.
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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.