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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 POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
USD/JPY closing in on 200-dma -The............>
FOREX: USD/JPY closing in on 200-dma
-The greenback clawed back lost ground late in the session as US equities pulled
sharply of the day's highs (although the risk-off equity moves were hardly
evident in USD/JPY, which continued its day-long rally) on a tweet from US
lawmaker Marco Rubio, who outlined plans to tax stock buybacks similarly to
dividends. This helped press GBP/USD and EUR/USD to the day's lows ahead of the
close of the session.
-The midday (1200GMT) fix wreaked havoc for GBP/USD, which surged just shy of a
point on little newsflow, coinciding with a volume surge in GBP/USD futures
which saw close to Gbp150mln in contracts traded inside 60 seconds. The spike
was short-lived, however, with the rate pulling comfortably back below the $1.29
mark. Rate decisions from both the Swedish Riksbank and the RBNZ proved positive
for their respective currencies, with the SEK and NZD holding gains against most
others throughout the day.
-Japanese & German GDP, US PPI & retail sales are the calendar highlights
Thursday.
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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.