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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 AccessTrump effect weighed in for a second..........>
FOREX: Trump effect weighed in for a second session on Friday, as he doubled
down on his Fed criticism, tweeting: "Tightening now hurts all that we have
done", adding that the U.S. has been harmed by "illegal currency manipulation"
from China and Europe. Markets were happy to sell the dollar for a second
session, helping lift EUR/USD and AUD/USD back to broadly flat/minor positive on
the week.
- U.S. Tsy Sec Mnuchin has played down the risk of an FX war over the weekend.
- USD/CNY touched 13-month highs as Trump said he was "ready to go" on $500bn of
import tariffs.
- Trump's jawboning, lacklustre equities & a BOJ sources piece pointing to the
potential for discussion re: policy adjustment at the BOJ's July meeting pushed
USD/JPY lower.
- Commodity-tied FX were among the strongest performers as the commodities
complex rebounded, with industrial metals in particular seeing some strength.
- Eurozone PMIs, AU CPI, ECB rate decision & U.S. GDP are the calendar
highlights this week.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.