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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-Positive Impulse Fades As Chinese Equities Open Lower
The early risk-positive flows have reversed, with core bonds off of lows, JPY back from worst levels and e-minis around neutral levels. USD/CNH now prints around CNH6.7250 (after failing to break below CNH6.7000 early on) with Chinese equities on the backfoot after Premier Li’s warnings surrounding the Chinese economy. The PBoC has outlined its mechanism to support lending to SMEs, but wider macro headline flow remains fairly limited. Note that the BoK’s post-decision statement pointed to greater focus re: inflation, which is no surprise given Governor Rhee’s recent comments re: the potential for larger rate hikes later in ’22 & warnings on inflation, although USD/KRW is trading as a wider function of risk appetite.
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.