Free Trial

CNY Fixing - Slightly Firmer Bias


Fixed Rate Operation Offer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX: Euro-Asia crosses have traded in lackluster fashion today as range
trading looks likely in the near term. The failure of EURCNH to mount the 8.0
level yet again yesterday is a blow to bulls and suggests significant overhead
resistance. Bears need to break back below the 21-dma at 7.9305 to give them
some breathing room and look to carve out a topping pattern.
- EURKRW trades at 1306.6 as the uptrend from the mid-August lows remains intact
but lacks impulse, keeping the outlook neutral. 
- Bears continue to defend the 130 level in EURJPY keeping the outlook neutral
for now, with the pair trading at 129.27.
- EURAUD remains within its recent sharp uptrend, trading at 1.6313 as AUDUSD
struggles to cling onto the 0.71 level. While this move has been in part driven
by the narrowing of yield spreads between Aussie and German yields, in real
terms the widening trend remains intact suggesting continued EUR outperformance
faces risks. 

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.