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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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Free AccessMNI POLITICAL RISK ANALYSIS - Week Ahead 2-8 December
MNI POLITICAL RISK - Trump Targets BRICS w/New Tariff Threat
MNI Gilt Week Ahead: Triple issuance week?
MNI US MARKETS ANALYSIS - French Politics Undermines EUR
The dollar continued its decline in...........>
FOREX: The dollar continued its decline in Asia-Pac trade on Thursday, feeling
the after effects of US Tsy Sec Mnuchin comments that a weaker USD presents
trade opportunities, informally endorsing the decline in USD and seemingly
backtracking on the "strong dollar" policy from the Trump administration. Market
will look ahead to a scheduled speech from Mnuchin at the Davos World Economic
Forum Thursday (0900GMT) where he could seek to clarify his comments after the
USD saw the worst single day decline since March 2017.
- The move saw a bid in EUR/USD and GBP/USD, the latter briefly rising above
1.43, touching 1.4305 the highest since June 2016, before dropping slightly yo
1.4292 last. The euro has benefited from dollar weakness, but seen fairly quiet
trade ahead of the ECB meeting today.
- USD/CAD some 41 pips lower at 1.2306, succumbing to dual forces of weaker USD
and stronger CAD as Brent rose above $71/bbl to the highest since Dec 2014.
- NZD plunged after weak CPI data, but has recovered around half the drop,
NZD/USD at 0.7380 last. The decline in tradable inflation points to a
hold-for-longer monetary policy stance from the RBNZ.
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.