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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 AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
CNH Weakens Post Onshore Open, Spills Over to Regional FX
USD/CNH is continuing to track higher. The pair is now just above 7.0950. Onshore spot has opened higher. The pair is back to 7.0900. Note we couldn't get much above 7.0950 yesterday, so this region will be watched today. For USD/CNH, the late high from yesterday was 7.1060. Outside of the onshore open, there doesn't appear to be any fresh catalysts for the move.
- We are seeing some risk-off flows elsewhere as well, potential spill over from weaker CNH levels. 1 month USD/KRW is back above 1407, slightly above NY closing levels. USD/TWD is also pressing higher (last 31.66).
- AUD/USD is back to 0.6635, versus earlier highs around 0.6655. AUD/JPY is lower, with some yen outperformance. AUD/JPY is back to 94.20/25. Still above post intervention lows (just above 93.50).
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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.