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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 EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
Iron Ore Concerns Weigh
Some concerns over iron ore prices weighing on AUD. Iron ore futures in Singapore fell for a fourth day, and the sixth decline in the last seven sessions, set for the longest losing run in more than three months. Downward pressure comes as China reaffirmed a commitment to cutting steel production this year and investors weighed tighter margins at mills.
- China announced a series of measures earlier this week designed to accelerate a reduction of steel output. Among these are a strict ban on illegal new capacity, promoting mergers, and a promises that supply will be reduced in 2021, according to the Ministry of Industry and Information Technology.
- Output data will be key for the direction of Iron ore. Australia's Fortescue Metals Group will report figures on Thursday, and Brazil's Vale follows on Feb. 3. Markets also look to Brazil, another large exporter, for output clues. There is still uncertainty regarding the impact of the fire at Vale's Ponta da Madeira port.
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.