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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 AccessUSD, Yields Gain on Better Consumer Confidence
- Better consumer confidence numbers driving new gains across both US yields and the greenback, with EUR/USD now erasing the entirety of the overnight rally. USD Index close to flat on the day having steered clear of a material test of the 104.321 50-dma support.
- Fade off daily EUR/USD highs keeps rangeplay in focus for the pair ahead of the more likely determinants for direction later in the week (PCE details on Thursday & Friday and the MNI Chicago PMI to round-off the week).
- Consumer confidence reaction sees largest activity of the day across currency futures, and helps tip cumulative FX volumes ahead of average for this time of day - EUR futures volumes now ~13% ahead of what you'd expect at this time of day.
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.