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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: PBOC Net Injects CNY14.2 Bln via OMO Friday
MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
President Draghi failed to halt Eur/Usd as....>
FOREX: President Draghi failed to halt Eur/Usd as it moved through $1.2500.
President Trump stronger dollar comments witnessed a late spike.
-The Asia/European sessions again witnessed further USD selling, initially led
by sharp falls in Usd/Cny & Usd/Cnh.
-The USD did manage a very modest recovery which saw major pairs pullback from
respective multi-month/year highs as focus turned to the ECB.
-The ECB left policy unchanged as expected. In the press conference that
followed President Draghi did see core inflation rising gradually and
re-iterated concerns over FX volatility. This however failed to stop strong EUR
gains, Eur/Usd vaulted $1.2500, Eur/Jpy traded through Y136.00
-Further Draghi remarks of 'few chances at all of a rate hike' did see a minor
pullback to $1.2462, but later slipped on Trump USD remarks.
-Cable driven higher on the move printed post Brexit highs of $1.4345, but later
gave back gains with a move under $1.4200.
-Usd/Jpy remained defensive, slipped to Y108.50 but spiked to Y109.62 after
President Trump remarks that ultimately he wants to see a stronger USD.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.