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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 AccessSterling stabilises, kiwi finds little........>
FOREX: Sterling stabilises, kiwi finds little respite and dollar dominant
-After yesterday's Carney-inspired slide in sterling, GBP/USD has stabilised
somewhat, but remains just above the lowest levels in a fortnight of $1.4036.
The volatility is unlikely to be over as known hawk Saunders is due to speak at
1030BST.
-NZD remains unloved and is the poorest performer this week as inflation
concerns run rife after CPI disappointed. NZD/USD now sits in close proximity to
the 100-dma at $0.7216 as most major banks remain bearish on the currency.
-The EUR broke out of a relatively tight overnight range and succumbed to
continued strength in the greenback, pressing EUR/USD through the 50-dma to
print down at $1.2312.
-Despite weaker Asia equity markets overnight, USD/JPY was lifted overnight on
touted strong importer demand. Slightly firmer European equities have further
supported the move.
-Focus turns to Canadian retail sales and CPI figures at 1330BST and speeches
from Fed's Evans, Riksbank's Ingves and Bank of Canada's Wilkins.
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.