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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 BRIEF: Limited Economic Impact Of French Crisis - EC
MNI US MARKETS ANALYSIS - Ouster of Barnier Leaves Little Dent
Sterling was under pressure into Tuesday's....>
FOREX: Sterling was under pressure into Tuesday's fix, cable touched $1.3221
before news of a Brexit deal spiked rate to $1.3388. Cable recovered to $1.3382
early Asia, eased to $1.3353 then slowly edged back toward $1.3380 into Europe.
In Europe the pair broke the $1.3400 handle and made fresh highs of $1.3431
before fading below $1.3400. Euro-dollar opened in Asia toward the lower side of
yesterday's $1.1827 to $1.1920 range, where broad-based dollar strength was the
theme, with the US Senate Budget Committee announcing the tax bill has been sent
to the Senate for voting. However, as Asia progressed and the European open drew
closer the pair moved higher from $1.1841 to $1.1867. Eur/Usd was helped to
intra-day high of $1.1883 on the back of better expected German regional CPI
data. News from North Korea that they had fired a new type of missile saw
Usd/Jpy slip from Y111.67 to Y111.38 in Asia before dip buyers cushioned falls.
The pair remains within a range of Y111.40-53 in Europe and is hovering near
yesterday's close of Y111.48. Holding firm ahead of German Saxony CPI, the
stronger-than-expected release squeezed Eur/Jpy to fresh daily highs of Y132.39
before fading.
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.