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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 US OPEN - RBA Holds, Communication Turns Slightly Dovish
MNI China Daily Summary: Tuesday, December 10
Koruna Weakens Even As CNB's Prochazka Flags Caution Around Upcoming Rate Cuts
EUR/CZK has advanced at the start to the new week, with the greenback regaining poise as US Tsy yields are broadly higher. The rate last deals +0.066 at 24.667 and bulls see Oct 19 high of 24.737 as their initial target. Bears continue to keep an eye on the 24.3 support area.
- CNB's Jan Prochazka warned that rates are unlikely to drop as fast and as low as the market expects (which he defined as two cuts this year and bringing the key rate to 3.50% at the end of next year). The official said that he sees the neutral level of the policy rate at around 3.50%, with consensus among Bank Board members being that it is within the 3%-4% band.
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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.