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Why MNI
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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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Morgan Stanley on BanRep: Risks Skewed Towards Earlier Lift-Off
- Current forecasts incorporate the first hike in September. Skewed risks to an earlier hike should not materialise as early as this meeting, more likely July.
- Note that market pricing incorporates a full 25bp hike at the upcoming meeting in July and a total of 90bp of hikes before year-end.
- Given this, they would not expect a surprise 25bp hike in June to trigger material gains in COP. They continue to see the external backdrop as the most important driver of the currency, in light of Colombia's sizeable twin deficits. Given their expectation of more USD strength in the coming weeks, MS stick to long USD/COP positions as a broader portfolio hedge.
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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.