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Policy
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Global Macro
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
USD Marginally Lower In Asia
The greenback is sitting a touch lower in Asia today, BBDXY is down ~0.1%, ranges remain narrow with little follow through on moves.
- AUD is the strongest performer in the G-10 space at the margins, AUD/USD is ~0.2% firmer however we sit a touch below session highs. Technically AUD bears remain in the driver seat, support comes in at $0.6497 (low from Aug 8) and $0.6485 (low from Jun 1).
- Kiwi is ~0.1% firmer, gains briefly extended after 2-Year Inflation Expectations rose in Q3 however the move didn't follow through and we sit at $0.6075/80.
- Yen is firmer, however only marginally and a narrow range is persisting this morning. Bullish conditions remain intact, resistance comes in at ¥144.20 (high from Jul 7) and ¥145.07 (high from 30 Jun and bull trigger).
- Elsewhere in the G-10 space; EUR is up ~0.1% as is CHF. GBP is marginally lagging, sitting little changed from opening levels.
- Cross asset wise; e-minis are a touch firmer, the Hang Seng is little changed having pared an early ~0.6% loss. US Tsy Yields are little changed across the curve.
- The docket is thin on Wednesday, Thursday's US CPI print is the next macro risk event for G-10 FX.
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.