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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 China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
MNI: Japan Govt Keeps Economic Assessment, Ups Imports
NEER Prints Fresh Cycle High, USD/SGD Softer After Q2 GDP
The SGD NEER (per Goldman Sachs estimates) printed a fresh cycle high in early dealing before paring gains to sit little changed. We sit ~0.3% below the top of the band.
- The Advance read of Q2 GDP, which crossed a short time ago, was firmer than expected printing at 0.3% Q/Q rising from -0.4% prior. A fall of 0.2% Q/Q had been expected.
- USD/SGD is ~0.1% softer, printing at $1.3205/15. The pair sits a touch below Thursday's low and sits at its lowest level since mid-April as broader greenback trends weigh.
- Bears now target the low from 3 Feb at $1.3097 which opens year to date lows at $1.3032. Bulls first look to break yesterday's high $1.3307 to turn the tide.
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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.