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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 AccessThe Asia-Pacific session was a low-key........>
FOREX: The Asia-Pacific session was a low-key affair, the dollar was held to
tight ranges and remained little altered from yesterday's close in New York. The
main focus was on China's President Xi Jinping opening speech at the 19th
Communist Party Congress, where Xi started to lay out his agenda for the next
five years, with promises of accelerated structural reforms. Dollar-yen idled
between Y112.14 and Y112.27, last at Y112.22. Aussie inched up from $0.7841 to
$0.7858. Kiwi carved out a $0.7160 to $0.7178 range, investors are still waiting
to hear what party NZ First leader Winston Peters will go with to form the next
NZ government. Meanwhile, Euro-dollar was last at $1.1772 and Cable at $1.3192,
after trading in respective ranges of $1.1764 to $1.1781 and $1.3185 to $1.3198.
Ahead, a speech from ECB's Draghi (0810GMT) is the main focus, although, with
the title of the speech, 'Structural reforms in the Euro area' any reference to
monetary policy/QE may have to wait for another day.
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.