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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 ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Turkey trouble trips euro, boosts safe........>
FOREX: Turkey trouble trips euro, boosts safe havens
-Another session of risk-off sentiment courtesy of the Turkish authorities saw
TRY, MXN, INR and BRL touch fresh lows as USD/TRY confirmed the break above
7.00. While developments are few and far between, EUR/USD and GBP/USD have held
their recent ranges and confirmed JPY and CHF at the top of the G10 FX pile
today.
-The USD index's brief rise to 2018 highs kept any and all recoveries in EUR/USD
and GBP/USD capped, leaving short-term focus on recent lows and any further
contagion from Turkey.
-The risk-off sentiment saw AUD/JPY break to levels not seen since 2016, with
soggy commodities markets also helping put AUD, NZD and NOK at the foot of the
table.
-Over-arching USD strength saw USD/CNH creep back towards the August highs and
ever-closer to the so-called 'tolerance band' of 7.00. Markets watch for any
PBOC pushback.
-Tuesday sees German GDP, UK jobs data and US import/export price indices.
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.