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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.
FOREX
- In the past few months, the strong deceleration in the Chinese economic activity combined with the rise in Evergrande contagion risk have led to a surge in negative sentiment on the Australian Dollar.
- According to the CFTC, net short specs on the AUD reached a record high of 85.6K contracts in the week ending September 21.
- We previously saw that the Aussie Dollar has historically been very sensitive to changes in Chinese equities.
- After recovering strongly following the Covid19 shock, AUDUSD, also considered as a 'risk on' currency pair, peaked at 0.80 in February (which coincides with the peak in Chinese economies activity) and has been consolidating by nearly 10% since then.
Source: Bloomberg/CFTC/MNI
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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