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Free AccessAfter a brief rise erased half of........>
CHINA YUAN: After a brief rise erased half of todays losses in USDCNH, the pair
has dropped back to near daily lows at 6.8440. A weekly and monthly close below
6.85 would keep alive hopes of a bearish reversal pattern, which is supported by
the continued inversion of the implied volatility curve.
- EURCNH has also dipped back below 8.0 after closing above this level yesterday
for the first time since 2014. Yuan bulls need to prevent a monthly close above
this level to help prevent further gains in the pair.
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.