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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: China CFETS Yuan Index Down 0.36% In Week of Dec 6
MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday
MNI BRIEF: PBOC Increases Gold Reserves
USD/TRY Eyes 15.00 as Headwinds to Lira Gather Pace
- USD/TRY trades +0.16% higher this morning, teetering just below the 15.00 mark on the back of early USD strength and risk-off.
- The cross continued to grind higher last week with poor inflation data, Fed rate increases and geopolitical risks continuing to provide headwinds to the currency.
- Continued risk-off and USD strength should keep the cross biased higher, but it’s worth noting that the CBRT and state banks were previously active around these levels.
- A move through 15.00 opens up 15.21 and 15.50 beyond as the next upside targets. Intraday Sup1: 14.9265, Sup2: 14.903, Res1: 15.00, Res2: 15.07
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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.