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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 US OPEN - ECB Set to Deliver Third Consecutive Cut
MNI China Daily Summary: Thursday, December 12
JPY Gains Despite MoF Comments
JPY has continued to garner strength, with USD/JPY dropping to fresh multi-month lows, prompting Japanese Ministry of Finance to reiterate yesterday's message re: watching FX markets with a sense of urgency/importance of currency markets stability. USD/JPY had a brief look under Mar 13 low of Y104.51.
- NZD underperforms its G10 peers, after the release of ANZ Consumer Confidence Survey. A marginal downtick in headline index added to concerns sparked by yesterday's Business Confidence reading that the post-lockdown recovery in sentiment may have run out of fuel.
- KRW drew support from better than expected South Korean industrial output figures. USD/KRW showed at its lowest levels since mid-March, before trimming losses.
- USD struggles, with month-end flows eyed. Broader liquidity may be limited by a market holiday in Singapore.
- Malaysia, Indonesia and the Philippines are also off for Eid al-Adha today.
- China's official PMIs, U.S. personal income/spending, Chicago PMI & U. of Mich. Survey, EZ & Canadian GDPs take focus from here.
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.