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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 AccessRisk on flows drove early Asia-Pacific FX.....>
FOREX: Risk on flows drove early Asia-Pacific FX trade, on the back of renewed
Brexit optimism & a BBG source story suggesting that the U.S. is set to hold off
on auto-tariffs for now.
- Sterling started on the front foot following reports suggesting the UK cabinet
will back PM May & her Brexit deal later today. GBP/USD added ~60 pips at one
point, but trades a mere 10 pips higher last, as enthusiasm was curbed by
potential difficulties getting the deal through parliament.
- USD/JPY edged higher, with the Nikkei 225 in the green for the majority of the
session (albeit marginally), but the rate failed to breach Y114.00.
- CAD remains limited by the slump in oil prices, with WTI trading on a $55
handle.
- An in line print for AU wage data did little for AUD bulls.
- Key economic releases today include German & EZ GDP, as well as UK & U.S.
inflation data. Elsewhere, Fed Chair Powell is due to speak in late U.S./early
Asia hours.
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.