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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: China CFETS Yuan Index Down 0.36% In Week of Dec 6
MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday
Rising Default Risks May Create Headwinds for RUB; West Bucks RUB Payments for Exports
- USD/RUB BGN trades -0.23% lower this morning, treading water just above the 83 handle.
- Yesterday’s session saw the cross retrace a portion of Friday’s move higher, but price action has become somewhat more muted after closing the 28 Feb breakout gap with Russia reorienting its assault.
- Default risks are on the rise as the US Treasury prohibits US banks from processing Russian debt repayments, which may add headwinds to RUB.
- TD Securities put out a note yesterday arguing that a Russian default would have limited contagion effects on global markets.
- Oil prices gained yesterday and stand +1.02% higher this morning, while natgas is -2.38% lower.
- Intraday Sup1: 83.028, Sup2: 81.1695, Res1: 85.2158, Res2: 86.651
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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.