MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Redback Slips

CNH

The PBOC ceased setting central USD/CNY mid-point above sell-side estimates. Today's PBOC fix fell virtually in line with expectations.

  • USD/CNH trades at CNH6.4014 as we type, 39 pips higher on the day. Further gains past Oct 29 high of CNH6.4104 would expose Oct 19 high of CNH6.4290. On the flip side, a dip through Oct 25 low of CNH6.3748 would draw attention to Oct 19 low/trendline support at CNH6.3687/85.
  • Pres Xi Jinping told the audience at the China International Import Expo that Beijing is open to addressing some key points of tension with the U.S. and discussing subsidies to its industrial firms and state-owned companies. Elsewhere, Politico reported that Xi and Biden will likely agree to reopen consulates and ease visa restrictions.
  • China's quarterly BoP current account balance will be published at some point today, while monthly trade data will hit the wires on Sunday.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.