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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 AccessWith the lack of any clear drivers in the.....>
FOREX: With the lack of any clear drivers in the Asia-Pacific region, the dollar
was broadly unchanged from Friday's close in New York and held to fairly narrow
ranges. Dollar-yen traded higher from near Y111.40 to Y111.69 on largely
fix-related demand, post-fix, the dollar slumped to Y111.34 as risk took a hit
amid weaker regional equity markets. Euro-dollar attempted to head higher but
stalled at Friday's $1.1944 high and then eased to $1.1912 on euro-yen supply
before recovering. Aussie dropped from $0.7625 to $0.7593, modest risk-off theme
and softer Aussie-US 2-year yield spreads were seen to weigh. Kiwi followed its
Tasman neighbour, easing from $0.6893 to $0.6854 before meeting demand.
Meanwhile, Cable trekked between $1.3314 and $1.3348.
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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.