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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
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Real-time insight of oil & gas markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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 China Daily Summary: Tuesday, January 16
MNI China Press Digest Jan 16: Fiscal, Silver Economy, Growth
Fix Eyed
Offshore yuan is weaker, USD/CNH is up 34 pips at 6.4246, but still holding near the bottom of Tuesday's range which denoted the highest for CNH since May 11.
- Tensions with the US continue to summer, US President Biden announced his administration will go ahead with plans to ban new US investments in Chinese companies, but will delay the implementation by two weeks in a bid to clarify the guidance. The policy is a legacy from the Trump administration, though lawmakers in the US are still keen on taking a firm stance over China.
- Markets await the USD/CNY fix, yesterday a fix that was 12 pips below sell side estimates sparked CNH strength. The fix below sell side estimates, indicating a preference for a stronger yuan, was the first in seven session and only the third in the previous 16 sessions.
- Fig.1: USD/CNH and fix delta
Source: MNI/Bloomberg
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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.