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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 - GOP Facing One Seat Majority In House
MNI US MARKETS ANALYSIS - USD/JPY Erases Election Rally
MNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
The USD index fell sharply Thursday, in a.....>
FOREX: The USD index fell sharply Thursday, in a move that began in the Asia-Pac
session, extending throughout European & U.S. trading hours.
- The sharpest USD losses were felt against the AUD, NZD & GBP in G10, but CNH
had a strong session too.
- After touching multi-month lows Wednesday, EUR/USD trended higher throughout
the day, topping $1.14 and erasing the week's losses. Similar moves were seen in
AUD/USD and NZD/USD, which all rallied through significant levels.
- China's currency benefited as Trump confirmed he had spoken with his Chinese
counterpart Xi, adding that trade conversations "are moving along nicely",
raising hopes that a deal could be struck as soon as their meeting alongside the
G20 in November. USD/CNH fell to the lowest levels since mid-October.
- GBP's Brexit-induced rally that began in Asia continued throughout the BoE QIR
which tilted hawkish, helping GBP/USD re-approach the 50- and 100-DMAs.
- Friday focus shifts to Australian retail sales, US NFPs, Eurozone PMIs and the
Canadian jobs report. ECB's Nowotny, Rehn, Smets & Stournaras are all due to
appear.
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.