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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.
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Free AccessMNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Risk aversion pushed USD/CNH back........>
CHINA YUAN: Risk aversion pushed USD/CNH back above the CNH7.0000 level today.
The rate pulled back from highs after a stronger than expected PBoC fix, which
saw the central USD/CNY mid-point set below CNY7.0 for the first time since
March. Buying pressure resurfaced after this brief hiccup and the rate last
deals +116 pips at CNH7.0092.
- Vice Head of the PBoC's macroprudential policy bureau said that the yuan will
be directly traded with more currencies, but stopped short of naming any
particular currencies.
- In the latest escalation of Sino-U.S. tensions, Washington sanctioned a
Politburo member Chen Quanguo over human rights abuses against Xinjiang Uighurs.
- A jump above CNH7.0296, which represents the high of Jul 8, would expose the
200-DMA at CNH7.0406. Meanwhile, a fall through yesterday's low of CNH6.9809 is
needed to give bears some fresh impetus and open up the lower 3.0% Bollinger
band at CNH6.9679.
- Next week's docket includes China's trade balance (Tuesday), as well as
quarterly GDP & monthly economic activity indicators (Thursday).
To read the full story
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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.