Free Trial

CNH weakening further, slipping below......>

CHINA FX
CHINA FX: CNH weakening further, slipping below the overnight lows. Yesterday's
USD/CNH highs remain in tact at Cnh6.8741 and become the first level of
resistance but could easily give way in the current high headline risk
environment. As China-US trade talks remain on ice and Chinese markets are thin
given market holidays, CNH volatility has ticked higher over the past few
sessions. Fed's rate decision tomorrow also a big risk on the radar. 

To read the full story

Close

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.