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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD firms across the board - Prevailing USD...>
FOREX: USD firms across the board
- Prevailing USD strength was the underlying theme through Europe. DXY flirts
with the 21-dma and looks to challenge the double-top resistance area at
95.70/75. The US10y traded above 2.90% for the first time in three weeks, while
gold extended its declines under $1191.
- GBPUSD's failed recovery above $1.2850 and subsequent reversal encountered
support ahead of the $1.2800 level. Strong Services PMI squeezed to $1.2825,
before fading to keep the downside trend intact.
- Soft EZ Services PMI readings amid a broadly stronger dollar pressured EURUSD
to $1.1543. Decent support is reported through $1.1530/20.
- USDJPY consolidated gains to settle either side of Y111.50, targeting a break
of the Aug29 high at Y111.83.
- EM's again struggled amid the firmer USD with ZAR bottom of the pile (-1.30%).
- Despite strong AU GDP, AUDUSD witnessed a sharp reversal back under $0.7200 to
fresh multi-year lows of $0.7145. NZDUSD pressured on the move touched 0.6530.
- Focus turns to Canada's policy decision (unch widely exp) and trade data.
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.