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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 AccessUSD/TRY Heavy After Breaking 7.00 Handle, US Relations in Focus
- Local rates open mixed to lower across the curve, 2Y +4.0bp, 5Y -5.0bp, after being mostly offered during yesterday's session.
- USD curve unch at the open after trading mixed to flat amid low volumes.
- USD/TRY continues to trade heavy this morning after breaching the 7.00 handle in yesterday's risk-on session to break a consolidation pattern driven primarily by corporate $ demand above 7.00.
- Relations with the US still a little frosty over S-400s and human rights issues in Blinken's call with Cavusoglu, and expanded US ties with Greece over East-Med issues.
- Focus still remains on the CBRT this week, expected to keep rates on hold, with an off chance of a 50bp hike.
- With the US back from yesterday's holiday focus will be on the $ for signs of continued risk-on in the greenback.
- Sup1: 6.8568, Sup2: 6.7692, Res1: 66.9587, Res2: 7.00
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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.