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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: Japan Q3 GDP To Be Slightly Revised Down
The Antipodeans sit atop the G10 pile even....>
FOREX: The Antipodeans sit atop the G10 pile even as regional equity benchmarks
have plunged amid panic selling, with trading halts triggered at several
bourses. There's talk of a liquidity squeeze pushing AUD & NZD off y'day's lows,
while NOK retains its position of the worst performer in the basket with USD/NOK
yet to re-test record highs printed y'day. GBP & JPY sit towards the lower end
of the pile, with only the krone faring worse. The ever-escalating coronavirus
worry and disappointment with policy measures deployed so far remain evident.
- USD/Asia have strengthened with Asian equity markets in free fall, following
sharp sell-offs seen at Wall St. yesterday. USD/CNH has rallied further above
the CNH7.0 mark, with bulls looking to CNH7.0572 as the nearest resistance.
- USD/KRW has surged to its best levels since Mar 2016, with a source pointing
to very thin liquidity. RTRS cited dealers suspecting an FX intervention by
South Korean authorities after the rate briefly ticked off initial highs.
Earlier, a BoK off'l told BBG that the Bank will intervene in case of
"excessive" moves. BoK members are considering calling an emergency meeting.
- U.S. U. of Mich. Survey, German CPI (f) & Swedish unemployment are due today.
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.