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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.
CNH
: USD/CNH coming off session lows after the head of the National Development and Reform Commission of the People's Republic of China (NDRC) says there will be no sudden shift in monetary policy in 2021.
- The pair last down 63 pips at 6.4908, off session lows at 6.4873. Bulls will seek a break of yesterday's US session low at 6.4950 to confirm a reversal on the day, above here resistance is seen at the 6.50 handle which was rejected during Asia yesterday. Intraday support is at 6.4842 the lower channel of the latest uptrend, yesterday's Asia session low of 6.48, while 6.44 is an important level for the PBOC, and cycle low of 6.4123 still in focus.
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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