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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Fix Eyed
The yuan has continued to strengthen, USD/CNH accelerated the move on Tuesday as the greenback snapped a 3 day winning streak with a 10-year auction seeing robust demand.
- USD/CNH last at 6.4422 vs 6.4787 at the start of Asia trade yesterday.
- Markets await the fixing from the PBOC which could add further downside pressure to the pair should the PBOC allow yuan to strengthen. The fix has weakened the yuan for 4 consecutive days, but this didn't translate into weaker price action. On January 6 USD/CNH was approaching 6.43 when the PBOC surprised markets by weakening the yuan at the fix in a signal they were unhappy with yuan strength amid rumours state banks had been buying US dollars at the central bank's behest.
To read the full story
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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.