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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: PBOC Net Drains CNY216 Bln via OMO Monday
Turkey, US Foreign Ministers Talk Over Phone; USD/TRY Extends Gains
- Turkey’s new foreign minister, Hakan Fidan, and his US counterpart Antony Blinken discussed Sweden’s NATO membership, the sale of F-16s and the Ukraine grain deal in call, Turkey’s Foreign Ministry said in statement this morning. The pair agreed to speak again soon.
- The lira has weakened further against the dollar for a 13th consecutive session, extending the losing streak to the worst since 1996. USD/TRY trades 0.5% higher Thursday following yesterday’s notable 7.5% rally - primarily driven by easing bank intervention in FX markets following the appointment of new Treasury and Finance Minister Mehmet Simsek and his more orthodox approach to markets.
- President Erdogan will speak today in Ankara at 1200BST/1400 local time before chairing a National Security Council meeting at 1300BST/1500 local. Meanwhile, the central bank will publish weekly portfolio capital flows data at 1230BST/1430 local time.
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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.