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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 US MARKETS ANALYSIS - Curve Steeper Ahead of JOLTS
MNI US OPEN - Censure Motion Against France Gov't Due Today
Most USD/Asia Crosses Soften, But USD/CNH Holds Firmer
Most Asia EM FX traded with a modest bullish bias, albeit USD/CNH struggled for any topside impetus.
- CNH: Spot USD/CNH operated above neutral levels, even as China posted a record monthly trade surplus over the weekend. The PBOC resumed weaker yuan fixings and set their central USD/CNY mid-point at CNY6.3959, 22 pips above sell-side estimate.
- KRW: KRW gave away its opening gains. Latest polling pointed to mounting headwinds for South Korea's ruling Democratic Party ahead of the 2022 presidential election.
- IDR: Spot USD/IDR tumbled after Bank Indonesia said last Friday that they expect a stronger rupiah and signalled readiness to enforce stability in FX markets.
- MYR: Malaysia eased Covid-19 curbs across a number of states, while the federal gov't lifted a mandatory charge on inbound foreign travellers. The ringgit appreciated.
- PHP: Spot USD/PHP went offered and printed its worst levels in more than six weeks. The City of Manila abandoned its face shield mandate.
- THB: The baht was among the best performers in the Asia EM basket. Thailand reported the fewest Covid-19 deaths since Jun 29.
To read the full story
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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.