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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Credit
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Drains CNY345.9 Bln via OMO Friday
MNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
Many emerging market currencies....>
EMERGING MARKETS: Many emerging market currencies are on the verge of breaking
down versus USD. BRL traded this week at weakest since Jun 16, MXN and ZAR
weakest since Jan 18, RUB moving back to April post-sanctions lows, TRY near
all-time low.
- JPMorgan EM Currency Index is testing its two-year uptrend.
- Rising US yields are the key catalyst: EM sovereign spreads remain tight but
the 10Y Tsy move through 3.00% has been paralleled by a move in EMBI yields to
2-year highs, putting stress on EMs.
- US trade rhetoric is less important but still a factor. The CNY is showing
signs of weakness, and MXN maintains its downtrend despite more optimistic
outlook for NAFTA talks recently.
- A breakdown in EM FX would be consistent with further downside in developed
market FX vs USD, and not just commodity-dependent currencies. 90-day
correlation with the JPM EM FX index is 0.75 for AUD, 0.70 for EUR, 0.65 for
NZD, 0.63 for CAD. JPY correlation is just 0.24.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.