MNI: Canada Has CAD2.9B Q1 Budget Deficit Vs Prior Surplus

CANADA Q2 ANNUALIZED GDP +2.1% VERSUS +1.7% EXPECTED

MNI China Daily Summary: Friday, Aug 30

MNI BRIEF: China Aug PMI Contracts For Fourth Straight Month

MNI: US JUL PERSONAL INCOME +0.3%; NOM PCE +0.5%

MNI BRIEF: PBOC Bought Net CNY100 Billion CGBs In August

MNI: BAKER HUGHES US RIG COUNT 583; OIL RIGS 483; GAS RIGS 95

EZ/UK Bond Supply Calendar: UK, ESM Syndis; AS, DE Due Tuesday

MNI Chicago Report™: 27% Have Contingency Plans Due to Adverse Weather

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

First Gain In A Week On Thursday

CNH

The Yuan had its first gain since 1 Dec on Thursday as the USD ticked lower, an offer in USD/JPY as expectations of the December BOJ meeting becoming "live" weighed. The PBOC continued to support its currency ahead of Friday’s US payroll data.

  • In early dealing on Friday USD/CNH sits little changed from opening levels last printing at 7.1620/40.
  • Technically the pair has been see-sawing around the 200-Day EMA (7.1601) with little follow through in recent dealing. Bears look to clear the measure to target a break of 7.10 which opens the 7 handle. Bulls immediate focus is on the 20-Day EMA (7.1843).
  • In the equity space the CSI300 fell ~0.3% yesterday, in NY trading the Golden Dragon was a touch lower falling 0.1%.
  • The Chinese docket is empty today.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.