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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 AccessSouth Korea's daily coronavirus update........>
FOREX: South Korea's daily coronavirus update triggered the resumption of
evident risk aversion across the G10 FX space. The number of cases confirmed
locally rose by 169 topping 1,000. USD/JPY has erased earlier gains & CHF jumped
to the top of the pile. The Antipodeans are on the defensive, albeit solely on
the back of the Covid-19 situation, with a poor Qr completed construction work
print out of Australia providing little if any impetus.
- USD/CNH spiked higher and operates around yesterday's best levels as we type.
USD/KRW has soared but is yet to test six-month highs printed earlier this week.
Elsewhere in the region, THB & MYR have registered fresh multi-month lows vs.
the greenback.
- Worth noting that South Carolina Democratic debate is currently underway.
- U.S. new home sales, French consumer confidence & Norwegian unemployment take
focus on the data front. Central bank speakers include Riksbank's Ingves and
ECB's Lagarde, Makhlouf, Holzmann & Panetta.
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.