Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
The greenback continued its move higher on Thursday pushing USD/CNH to highs of 6.4653 before pulling back slightly. The move higher stalled just below the 100-DMA, 6.4694, and denoted the highest since May 6. The pair is sandwiched between its 100-DMA and 50-DMA (6.4442), last trades at 6.4518.
- Markets will watch the PBOC's fixing today, yesterday saw the biggest one day increase for USD/CNY since March 2020 while the pair closed at a one month high, however the weakness in the euro has skewed the CFETS basket, which could mean further upside for USD/CNY and the PBOC is unlikely to resist.
- Elsewhere, there were reports in the China Securities Times that volatility in the yuan could increase in the second half of the year, echoing comments last week from the head of the currency regulator.
- As a reminder, late yesterday China's Commerce Ministry Spokesman Gao Feng said China faces uncertainties in foreign investment this year, adding that China is looking to improve trade policy tools to support trade companies.