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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 POLITICAL RISK - GOP Facing One Seat Majority In House
MNI US MARKETS ANALYSIS - USD/JPY Erases Election Rally
MNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
Stellar Sterling Sees GBP/USD Hit New Highs
GBP outperformed throughout the Wednesday session, prompting new cycle highs in GBP/USD at 1.3866, with the market further pricing out the prospects of negative rates and continuing to factor in the UK's vaccine rollout, which continues to immunise the population at a clip not matched in Europe or the US. Wednesday's move higher narrows the gap with the next resistance at the 1.3935 Apr 27, 2018 high.
The USD was more mixed, with the greenback edging lower in early European and US hours, before losses were somewhat pared ahead of the close. The USD index remains either side of the 50-dma at 90.459.
USD/JPY saw some support in the European morning on reports in Jiji newswires, which saw the BoJ mulling ways to signal their ability to cut interest rates deeper into negative territory. USD/JPY rallied in response, rising to touch Y104.84 before fading.
Focus Thursday turns to weekly US jobless claims data and the Banxico rate decision. ECB's Villeroy, de Guindos and Knot are all due to speak.
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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.