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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 AccessVIEW: CIBC note that "after considering......>
DOLLAR: VIEW: CIBC note that "after considering everything, the body of evidence
still points to further downside in the trade-weighted USD for the coming
quarter. The main reasons for additional downside include:
- The supply of USD is still increasing
- Foreign portfolio inflows are at risk
- The Fed's balance sheet is still expanding at an historic pace
- Twin deficits
- A more optimistic outlook for the EU
- Having said that, those that are calling for a 'crash' in the USD need to dial
it down a notch. The USD is not at risk of losing its status as the reserve
currency any time soon. Further downside in the USD should be measured, with the
majors (namely the EUR) and gold benefitting the most.
- Risks to this view include: economies shutting down as a result of a second
wave of COVID-19, failure of congress to pass another stimulus bill, US growth
outperforming and EU recovery fund talks breaking down."
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.