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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: PBOC Net Drains CNY216 Bln via OMO Monday
Italian PM Conte's address to the.......>
EURO-DOLLAR: Italian PM Conte's address to the Senate pushed EUR/USD off lows
yesterday, allowing the rate to wipe out earlier losses. Conte said that the
gov't is "ready to work on this new [ESM] credit line", signalling willingness
to cooperate with EU partners in setting up the facility in a swift manner. EU
leaders will discuss a joint response to the coronavirus crisis in a
teleconference on Thursday. That being said, EUR/USD eased off thereafter, as
the greenback was in demand, and finished marginally shy of the open.
- Elsewhere, BBG reported that ECB members will discuss "whether to accept
junk-rated debt as collateral from lenders" in a call on Wednesday evening.
- EUR/USD is little changed at $1.0856. Apr 17 low of $1.0812 provides the
initial bearish target, with a break here opening key support at $1.0769, the
low of Apr 6. On the topside, clearance of Apr 15 peak at $1.0991 is needed to
reinstate bullish momentum.
- Regional highlights this week include EZ consumer confidence (today), a slew
of flash PMI Surveys (Thursday) and German Ifo Survey (Friday). ECB's Rehn will
speak on the coronavirus situation, econ outlook & MonPol matters later today.
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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.