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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
The USD was broadly weaker through NY after...>
FOREX: The USD was broadly weaker through NY after ratings agency Fitch warned
on the impact of tariffs and the Washington Post reported that some Trump
advisors see auto tariffs being imposed later this year, although subsequent
reports pointed to senators planning a bill to delay the auto tariffs. The DXY
moved to fresh lows amid market chatter that U.S. Pres Trump received trade
concessions from Europe, agreeing to work towards lowering industrial tariffs,
which was confirmed, with no fresh tariffs to be implemented during the
negotiation period. The EU has also pledged to buy more U.S. soybeans & nat gas.
- USD/JPY broke below channel base support touching Y110.83. Nikkei headlines
stating that the BOJ is to review allocation of ETF buying into the Topix,
further pressured to Y110.67. EUR/JPY witnessed the biggest falls to Y129.41,
before reclaiming 130.00 as the EUR crosses benefitted from the agreement made
between Trump & Juncker, with EUR/USD rallying to $1.1739.
- CAD held firm on the potential delay to auto tariffs & positive rhetoric from
Mexico & Canada re: NAFTA. USD/CAD broke channel base support & moved through
C$1.3100.
To read the full story
Sign up now for free trial access to this content.
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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.