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Why MNI
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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 ASIA OPEN: Focus on November Jobs Ahead Fed Blackout
MNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
USD/INR Firmer In Early Trade, Industrial Production On Tap
USD/INR has opened at 82.60/70, ~0.2% firmer from yesterday's closing levels. This is line with broader USD gains, seen elsewhere in the region. The INR NEER is off early Feb lows, albeit modestly. We are close to 66.40 (J.P. Morgan Index), versus 65.91 on Feb 2.
- USD/INR has dealt in a narrow range this week, reflecting broader moves seen in the USD which has been relatively rangebound in recent sessions.
- Equity outflows continue, with ~$446mn of equities sold by foreign investors in the first half of the week.
- Technicals remain bullish, bulls look to break high from 7 Feb (82.8) to target 83. Bears first target a break of the 20-Day EMA (82.09)
- Dec Industrial Production is on the wires today, the Bloomberg survey median estimate is 5.0%. The prior read was 7.1%.
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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.