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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, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
Softer than forecast US Retail Sales....>
EURO-DOLLAR: Softer than forecast US Retail Sales data, released Wednesday
allowed EUR/USD to push up to $1.1086 post London fix. Rate eased to $1.1065
before closing the session at $1.1072. USD weakness persisted into Asia, saw
rate edge to $1.1085 before it drifted back to $1.1075 into Europe. EUR/USD has
tracked the recent volatile moves in cable in recent sessions, cable's rally
Wednesday aiding EUR/USD's rise, with the set back in sterling Thursday morning,
prompted by reported comments from the DUP on the proposed Brexit deal, has seen
EUR/USD dip to $1.1068 in opening European trade.
- Focus today on the EU Summit, Brexit headlines to be watched.
- EU Construction Production provides EZ data interest.
- Speakers, ECB's Villeroy, Visco, Knot & de Cos
- Support $1.1065/60, $1.1025/20. Resistance $1.1085/86, $1.1100/10.
To read the full story
Sign up now for free trial access to this content.
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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.