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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Mexico and Chile CPI In Focus, Greenback Slightly Softer
- After the weaker-than expected CPI print in Colombia, inflation data in Latin America continues with May figures in Chile and Mexico both scheduled. Later in the session we will receive Argentina industrial production and construction activity.
- Eurozone Q1 GDP was revised downwards to -0.1% q/q from +0.1% q/q initially in today's final release. This is now lower than the +0.1% q/q initially forecasted by the March ECB macroeconomic projections. The Bloomberg consensus was looking for a flat reading.
- The observance of the Corpus Christi holiday may limit liquidity a little today, with some participants across Germany, Spain, Portugal, Austria & others set to take a holiday.
- The softer USD outlook from the off has helped support most major pairs early Thursday, with EUR/USD building a base above the 1.07 handle and NZD/USD showing back above the 0.6050 that failed to support prices yesterday.
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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.