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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Stellar ISM Helps USD Bounce
August economic data continues to be favourable for the US, with ISM manufacturing hitting a multi-year high and well above expectations (56.0 vs. Exp. 54.8). The data helped support an underperforming greenback, which flipped from being the worst performing currency in G10 across European hours, to trading slightly better into the NY close.
USD came up short against GBP, however, which extending gains above $1.34 to hit the best levels since December 2019, with consistent demand for upside GBP/USD options helping support the rally.
CHF was the poorest performer, falling against all others in G10, with the weakness driven by EUR/CHF taking out key tech resistance layered around the mid-August highs at 1.0849. 2020 highs in EUR/CHF at 1.0916 are now the initial upside target.
South Korean inflation data, Australian GDP, US ADP Employment Change and Factory Orders are the calendar highlights Wednesday. Central bank speak picks up also, with representatives from the BoE, Fed and ECB all due.
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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.