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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 AccessCNH strikes multi-week high as.....>
EMERGING MARKETS: CNH strikes multi-week high as partial deal seen possible
-Ahead of the close Friday, CNH hit the best levels since mid-September against
the USD as traders rushed to price in a higher likelihood of at least a
'partial' deal with the US that could suspend or delay the looming tariff hike
on Chinese goods headed to the US. USD/CNH bottomed out at 7.0773 ahead of the
Friday close, with the imminent meeting of Trump and the Chinese VP seen as
crucial ahead of the long weekend.
-This buoyant sentiment fed through well to EMFX more broadly, with KRW, ZAR and
others registering decent gains. Unsurprisingly, TRY was against the standout,
dropping sharply to round off a poor week as Turkish military activities in
Northern Syria leave the US poised to trigger further sanctions. USD/TRY bulls
eye initial targets at 5.9329 on any resumed move higher.
-Chinese data takes focus in the coming week, with September trade balance, CPI
& GDP numbers all due. Turkish industrial production, Brazilian economic
activity and South African retail sales round off a busy week.
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.