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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 China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
Risk knocked further with soft CNY fix -A.....>
FOREX: Risk knocked further with soft CNY fix
-A softer-than-expected PBOC USD/CNY fix overnight triggered another bout of
risk selling in the Asia-Pacific session (fixed above Cny6.95 for the first time
since January 2017), helping buoy the JPY throughout the overnight session and
well into the European morning. USD/CNH remained bid in early Europe, touching
Cnh6.9769 and the highest level for close to two years.
-The turn in risk sentiment dented AUD and NZD crosses, prompting AUD/USD to
fall to fresh YTD lows and trade in very close proximity to the psychological
$0.70 handle. This reinforces the importance of sentiment for antipodean FX, at
present, with focus turning to what's expected to be a negative Wall Street open
once more.
-DXY traders will once again focus on 96.984, the year's high printed in August,
which sits within 0.4% of the current spot price.
-US advance Q3 GDP numbers are the data highlight, followed by Uni. of Michigan
sentiment data at 1500BST. ECB's Draghi and Coeure are due to speak later today
in Brussels and Paris respectively.
To read the full story
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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.