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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 AccessRisk undercut by Trump delisting threat.......>
FOREX: Risk undercut by Trump delisting threat report
-Markets were treading water headed into the Friday close before a Bloomberg
report crossed stating that the White House are weighing restrictions on US
funds being able to invest in Chinese companies, including measures that would
delist Chinese firms from US exchanges. The report saw equities slide alongside
high beta currencies and, in particular, the CNH.
-USD/CNH rallied sharply to break above 7.15 in response, the highest level
since early September in the latest sign that US-China relations are far from
improving. Equities did stage a modest bounce ahead of the close, with markets
noting that the details and machinations of such a plan have "not yet been
worked out".
-GBP continues to underperform, with focus turning to firmer Brexit proposals
expected out of the Conservative Party conference beginning Sunday.
-China's September PMI data, regional German CPIs, MNI Chicago PMI, the RBA rate
decision, Japan's Tankan survey and US nonfarm payrolls should keep markets busy
headed next week.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.