Free Trial

It has been a quiet session USDCNH so....>

CHINA YUAN
CHINA YUAN: It has been a quiet session USDCNH so far today with Hong Kong
closed for a holiday. The pair has traded in a tight range giving back some of
yesterday's gains to trade at 6.8630.
- Yuan crosses are showing some activity however with JPYCNH edging lower,
currently at 6.0820, as bears were able to prevent a break back above neckline
support-turned-resistance yesterday.
- EURCNH trades at its daily low of 8.0574 after failing to close above 8.10
yesterday. Support at 8.0 will need to hold to keep the broader uptrend alive.

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.