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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 China Daily Summary: Monday, November 25
The dollar had a solid session as XAU.........>
FOREX: The dollar had a solid session as XAU remained under pressure, the Dow
printed another record high of 23,002 before fading. The dollar was also aided
by cable dropping in reaction to somewhat dovish comments from the BOE Carney.
Aussie remained on the defensive for most of the session, as XAU and oil fell
sharply, printing a fresh low of $0.7818 before paring losses and grinding back
towards $0.7845.
Despite having a tight range through the session USD/YEN remained in demand
following US Tsys yields. This combined with solid Import prices and NAHB Survey
Data, the rate printed highs of Y112.48 before declining.
Euro/Dollar was lead by broad based dollar demand, however it was slightly
contained by EUR/GBP demand. The pair posted a low of $1.1736 before paring
gains.
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.