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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 US MARKETS ANALYSIS - NFP Followed by Ample Fedspeak
MNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
US Dollar Under Pressure Following China PMI Beat
- The greenback has been under pressure early Wednesday, with the USD Index (-0.55%) slipping through yesterday's lows well ahead of the NY crossover. Much of the price action has been driven by a solid beat for Chinese PMI data overnight, underpinning a CNH rally. Wednesday focus turns to the ISM Manufacturing release for February, with January construction spending also on the docket.
- China's PMI rose for a second month to 52.6 in February, with the increase from 50.1 in January led by the quick recovery in both production and new orders, data from the National Bureau of Statistics on Wednesday showed. The production sub-index jumped to 56.7 in February, a sharp rebound from January's 49.8 reading and return to expansion territory after four months of contraction.
- EURUSD has risen 0.75% following regional German CPI data, which could pose an upside risk to the February Eurozone revisions. North-Rhine Westphalia was a particular hotspot, with monthly prices rising 1.0%.
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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.