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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 AccessUSD Finding Some Support, Yield Tick Up & Weaker HK/China Equities Helping
The USD has firmed a touch in recent dealings, although overall ranges are fairly tight. The BBDXY last above 1243, nearly +0.10% firmer for the session. Earlier lows were near 1241.601, close to the simple 200-day MA for the index.
- The tick down in US Tsy futures is helping the USD at the margin. We haven't made a decisive break below Thursday lows (last 108-16, -10), but the bias is softer. Re-opened cash US Tsy yields are +4-+6bps higher across the curve. The belly is leading the cheaps.
- EUR/USD is back sub 1.0900, while AUD (last near 0.6550 ) and NZD (last 0.6045) have moved off session highs. USD/JPY is steady near 149.55.
- Asian FX is also weaker against the USD, USD/CNH has crept back above 7.1550, earlier lows were near 7.1425. 1 month USD/KRW has also firmed, last near 1302.5, close to Thursday highs.
- Some softness in HK/China equities is likely a headwind (HSI off 1.5%). Property names have given back some of the recent gains seen, while earnings momentum is another headwind.
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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.