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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 POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
Marginally Firmer, Thursdays High Remain Intact
AUD/USD prints at $0.6785/90 ~0.1% firmer in today's trading.
- Broad based USD weakness has been observed through the Asian session as BBDXY ticks lower its 2023 base with Thursday's PPI print further pressuring the greenback.
- AUD/USD has been unable to break through yesterday's high $0.6797 which is presenting as immediate resistance for bulls. A break through here opens $0.682 high from Feb 24.
- AUD/NZD has ticked lower, the cross was unable to sustain a break of the $1.08 handle and is ticking lower as despite rate differentials, observed via 2 year swaps, narrowing to -140bps. We were as wide as -161bps last week.
- Iron Ore futures are firmer, up ~1.5% in Singapore and Copper is up ~1%.
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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.