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Global Macro
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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 AccessSandwiched Between 50-DMA & 100-DMA
Offshore yuan is broadly unchanged, USD/CNH up 9 pips at 6.4577, the pair briefly rose as high as 6.4623 before paring gains. The rate is now sandwiched between its 100-DMA at 6.4545 and the 50-DMA at 6.4735. USD/CNH 1-month implied volatility dropped briefly to 3.70%, the lowest intraday level since July 16
- Inflation data released earlier showed that CPI slowed while PPI accelerated. CPI rose 0.8% in August against expectations of a 1.0% rise, PPI rose 9.5% compares to 9.0% expected. The NBS said "Mainly affected by the pandemic, the consumption of travel services such as air tickets, tourism and hotel accommodation has been restrained, and prices have changed from rising to falling" adding that "industrial product price hikes also accelerated both compared with last month and last year in August, affected by rising prices of products such as coal, chemicals and steel."
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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.