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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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USD Firms In Early Trade
The greenback is dealing on the front foot early in Monday’s Asian session. Heightened geopolitical tensions centred on Sino-US relations and the latest round of North Korean missile launches is supporting the USD.
- AUD/USD is ~0.2% softer, last dealing at $0.6865/70. The pair deals a touch above session lows. Downside support comes in at $0.6812, Feb 16 low, and $0.6781 38.2% retracement of the Oct-Feb downleg.
- Kiwi is also pressured, down ~0.3%. NZD/USD prints at $0.6230/35, support was seen on Friday below $0.62. The RBNZ rate decision on Wednesday highlights the data calendar this week for NZD.
- Yen is also marginally pressured. USD/JPY prints at ¥134.30/40, ~0.1% firmer this morning. The local data calendar is empty today, on 24 Feb new BoJ Governor Ueda will appear before the lower house of parliament as part of confirmation hearings.
- EUR, GBP and CHF are all ~0.1% softer this morning.
- LPR fixings from China will cross today, Bloomberg survey shows no changes are expected for the 1 and 5-Year LPR. Further out, the docket is thin. U.S. cash markets are closed for the observance of the Presidents Day holiday, wider liquidity will be impacted.
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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.