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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 China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
USD continues to edge higher, commodity FX....>
FOREX: USD continues to edge higher, commodity FX underperforms.
- USDJPY last trades 5 pips higher at 109.10, as it continues to operate in a
narrow range with Japan observing the Showa Day holiday. The cross has
registered a high of 109.18, with chatter of exporter offers scattered between
109.20-50, while there is talk of bids from 108.95. It is worth noting that
there is some $1.5bln worth of 109.00 option expires set to roll off at today's
10AM NY cut.
- GBPUSD trades virtually unchanged at 1.3780, back from lows of 1.3766. There
was plenty of GBP news flow as Home Sec Rudd stepped down from the cabinet &
reports point towards UK PM May tabling soft freedom of movement suggestions to
the EU. EURUSD stuck to a tight range.
- Commodity linked currencies have edged lower, with gold & oil trading around
session lows. AUDUSD is 20 pips lower at 0.7565, with NZDUSD 15 pips softer at
0.7070, while USDCAD trades 20 pips higher at 1.2850.
- Risk events on Monday include US PCE & Chicago PMI, German national & state
CPI & BoE's Haldane.
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.