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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: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise
USD/RUB Eyes Key Long-Term Supports, Bolstered By Bullish Oil Markets
- USD/RUB opens higher, but slightly less so than peers ZAR & TRY.
- Oil markets pulled back from the $70 handle, but remain underpinned by bullish outlooks from analysts on tight supply and improving demand-side factors.
- USD/RUB is toying with the underside of the 75-73.50 lateral range, having briefly traded below 74.4212 support during yesterday's session.
- Sell-side remains optimistic about RUB on a normalisation in UST upside/volatility, provided the CBR can anchor risking price pressures.
- A move through the key 73.00 level & December swing low at 72.6566 unlocks a more comprehensive move towards the 68-70 zone, narrowing the gap to other high-yielders somewhat.
- Focus next week on the CBR, expected to keep rates on hold – reinforcing the more cautious policy normalisation stance announced in the prior meeting.
- Intraday Sup1: 73.4212, Sup2: 73.1492, Res1: 73.6452, Res2: 73.9016
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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.