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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 AccessMNI Gilt Week Ahead
Release of a stronger than exp. U.S. labour...>
FOREX: Release of a stronger than exp. U.S. labour mkt report prompted strong
USD demand on Friday which drove EUR/USD to an initial low of $1.1562, extending
to $1.1551. Pre-data the market had seen USD sales which left USD shorts open to
a squeeze on release. USD strength added to the downside pressure on the AUD
allowing AUD/USD to extend its recent easing to a fresh YTD low of $0.7099.
Pressure was also seen in NZD/USD though AUD/NZD was able to further extend its
lows to N$1.0865.
- USD/JPY recovered off its Asian low of Y110.38 through the European morning,
gaining an added boost to Y111.25 on NFP react but the stronger pressure on the
EUR saw EUR/JPY lead USD/JPY back down to Y110.74. Rate was seen settling back
around Y111.00 in late trade.
- Cable extended its recent recovery to $1.3028 as EU's Barnier adopted a
seemingly more conciliatory tone on the Irish border back stop but USD strength
post data added to the corrective pullback as rate drifted back to $1.2920.
- BoE & ECB decisions, U.S. retail sales & CPI, Fedspeak, the Swedish election &
AU labour market report provide plenty of risk events this week.
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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.