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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 AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
NEER Firmer On Friday, USD/SGD Back Below $1.36
The SGD NEER (per Goldman Sachs estimates) sits a touch off its highest level since 10 Aug, we sit ~0.7% below the top of the band.
- USD/SGD has ticked lower, as broader USD trends dominate flows. The pair broke back below the $1.36 handle yesterday, extending losses in todays dealing to past print at $1.3560/70.
- Despite the pressure on the pair USD/SGD remains in an uptrend. Bulls target the high from 30 November ($1.3765). Bears focus on the 200-Day EMA ($1.3473).
- The domestic data docket is empty until next Wednesday when Jul CPI crosses. Headline CPI is expected to tick lower to 4.2% Y/Y from 4.5%, Core CPI is expected at 3.8% Y/Y a downtick from the prior read of 4.2%.
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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.