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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 AccessYesterday's revival in risk appetite..........>
FOREX: Yesterday's revival in risk appetite carried over into the Asia-Pac
session, with regional players digesting the Fed's announcement re: planned
corporate bond purchases & U.S. Commerce Dept's decision to allow domestic firms
to work on technology standard-setting with Huawei. G10 FX space continues to
trade in a risk-on mode, despite lingering concerns over the resurfacing
coronavirus outbreak in Beijing & North Korea's escalating sabre-rattling.
- USD & JPY underperform all of their G10 peers as we type, while commodity-tied
FX trade on a firmer footing. AUD is the best performer in the basket, ahead of
a bunch of local releases due at the bottom of the hour.
- Asian EM FX are catching up with yesterday's risk rally and outperform the
greenback. KRW leads gains in the space, despite geopolitical tensions on the
Korean peninsula. USD/CNH has ebbed lower, nearing its 100-DMA.
- Focus turns to Australian house price index, German ZEW Survey & CPI (f), UK
labour mkt data, U.S. retail sales & industrial output. The BoJ delivers its
MonPol decision, RBA releases minutes from its most recent meeting, while
speaker slate features Fed's Powell & Clarida, ECB's Visco and BoC's Macklem.
To read the full story
Sign up now for free trial access to this content.
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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.