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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.
RIKSBANK
The Riksbank did not sell any USD or EUR in its 14th week of FX hedging (W/C 25/12 - 29/12). This compares to $110mln and E301mln last week. Overall, the Riksbank has now hedged around 83% and 61% of the $8bln and E2bln initially announced respectively.
- This was as expected, given the low holiday-season liquidity.
- Assuming USD sales restarted at the same pace in the first week of January (reported next week), the Riksbank remains on track to finish its USD hedging by around the beginning of February.
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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