Free Trial
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.
FOREX
- Interestingly, while the US Dollar has been appreciating sharply against DM and some EM currencies (CEEMEA and Latam) in recent weeks, it has remained 'flat' against Asian currencies.
- The chart below shows the significant divergence between the DXY index and the ADXY index recently.
- We have seen recently that demand for the Chinese yuan (significant share of ADXY) has been strong in the past few months mostly driven by the sharp divergence in balance sheet assets differential between PBoC and the G10 central banks.
- With USD liquidity expected to continue to rise in the short term (Fed tapering expected to last until mid-2022), support for the Yuan could continue to remain strong.
Source: Bloomberg/MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok