Free Trial

Muted Start, June PMIs Headline Docket

CNH

USD/CNH is little changed from Friday's closing levels in early dealing. We last print at 7.2120/70

  • The pair rose ~0.3% on Friday as broad based USD strength weighed on the CNH, and is up ~1.4% in June.
  • USD/CNH remains in an uptrend, bulls look to breach Fridays high (7.2286) a break through here opens 7.2491 high from 29 November. Bears first target the 20-Day EMA (7.1459).
  • In the equity space CSI300 fell 1.5% on Friday and the Golden Dragon fell 2.7%.
  • The highlight of the weeks data calendar is Friday's June PMI print.

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.