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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.
- The net speculative position on USD have been rising sharply in recent weeks as uncertainty over the Delta variant has been surging; net contracts increased by 72K in the past month to a total of 28.9K in the week ending August 3.
- This has boosted the USD Positioning Indicator to its highest level in over two years – mirrored in new cycle lows for positioning across AUD, EUR, GBP and CAD.
- The slow vaccination campaign in the EM world combined with the rise in political instability could continue to support the greenback against EM currencies in the coming weeks.
- As the percentage of the population having received at least one dose of the Covid vaccine is much lower across emerging markets, the probability of a renewed period of lockdowns imposed by governments to fight the pandemic has been consistently rising.
Full MNI FX Positioning Indicator document here:
MNIFXPositioningIndicator0908.pdf
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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