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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/JPY came under early pressure in....>
EURO-DOLLAR: USD/JPY came under early pressure in Asia on suggested Japanese
insurance companies need to repatriate funds to cover claims from the recent
typhoon and last night's earthquake. The USD sales provided EUR/USD with the
momentum to move through Wednesday's high of $1.1640, extending the recent
recovery rally, off Tuesday's low of $1.1530, to $1.1659. Dovish comments from
BOJ Kataoka allowed USD/JPY to recover which in turn saw EUR/USD drift lower
through the remainder of the overnight session, the rate easing to $1.1630 into
Europe with further sales pressing it on to $1.1621. Next support seen at
$1.1610/00. Germany Factory Orders data due for release at the top of the hour,
market median 1.8%mm following last month's -4.0%. US data into the afternoon
should provide better interest with release of US ADP, ahead of Friday's US NFP,
Weekly Jobless Claims, Non-Mfg ISM and Durable Goods. EM markets relatively
steady so far this morning but will watched for influence.
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.