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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 AccessMajor FX crosses were range-bound in..........>
FOREX: Major FX crosses were range-bound in today's quiet Asia-Pacific session.
The Antipodeans outperformed among the G10 currencies, with NZD leading gains,
as comments re: fiscal stimulus flowing from the Chinese FinMin lent support.
- Worth mentioning AUD knee-jerked lower after a softer than forecast domestic
retail sales print, but immediately retraced the move, as the latest Australian
trade data revealed a wider surplus than exp. Elsewhere, UBS revised its RBA
call, echoing yesterday's revision by J.P. Morgan. UBS effectively front loaded
their earlier view and now look for two 25bp cuts in July and August of this
year.
- JPY traded mixed, despite being aided by the Nikkei 225 & U.S. equity index
futures operating in the red.
- Focus today turns to the ECB MonPol decision, EZ GDP (f) and U.S. initial
jobless claims. Elsewhere BoE's Tenreyro, Riksbank's Ingves & Skingsley, BoC's
Patterson and Fed's Brainard will speak.
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.