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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 AccessThe impending monetary policy decision from...>
FOREX: The impending monetary policy decision from the FOMC was the dominant
theme in Asia-Pacific hours, while regional data releases and overnight news
flow provided little to no surprises. USD pushed higher against every other G10
currency, but outperformed by relatively narrow margins.
- Antipodean FX were heavy and a less than inspiring reading of Aussie Westpac
Leading Index didn't improve the outlook. AUD/USD tested support from $0.6849,
where the 50-DMA intersects with the Sep 10 & 11 lows, but the level remained
intact. Meanwhile, NZ current account balance met exp., with no immediate impact
on NZD. Still, the kiwi was the worst G10 performer.
- Subdued oil prices dented NOK (but not its oil-tied peer from Canada) after
yesterday's unwinding of an earlier rally in crude, linked to the extensively
covered events in Saudi Arabia.
- Inflation data from the UK, Eurozone and Canada, as well as U.S. housing
starts and building permits headline today's data docket. Riksbank's Ingves and
ECB's de Guindos, de Cos and Villeroy will provide some central bank rhetoric,
but Fed Chair Powell is set to steal the show.
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.