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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 - Thune Defends Two-Step 2025 Agenda
MNI US MARKETS ANALYSIS - EUR Steadies Ahead of ECB
USD/JPY extends drop as Fed message carries...>
FOREX: USD/JPY extends drop as Fed message carries through Europe
-JPY is comfortably the best performer in G10 Thursday morning as the Fed's
press conference and policy decision yesterday reverberates through markets. The
USD holds weaker against all other majors, helping press USD/JPY further below
Y109 to target the Y108.50 mark.
-European equities failed to follow the lead of their US counterparts, with core
Europe faltering on a spell of dire data: German retail sales fell sharply and
jobs data disappointed while Spain's CPI fell below expectations. EUR/USD sits
back below $1.15 on the news, but holds the majority of yesterday's Fed-inspired
gains.
-Antipodean FX trades well, with NZD buoyed by S&P affirming the country's AA
rating, while lifting the outlook to positive from stable. NZD/USD touched the
best levels since early December this morning.
-Canadian GDP, US weekly jobless claims, new home sales and MNI Chicago PMI
report are the data highlights. ECB's Mersch and Weidmann are due to speak as
well as BoC's Wilkins.
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.