MNI BRIEF: ECB Must Be Alive To Spillover Dangers - Panetta

MNI BRIEF: Banks Currently Funding Dollars In Market - Buba

MNI BRIEF: Riksbank's Ohlsson To Step Down In June

US EIA: CRUDE OIL STOCKS EX SPR +1.12M TO 481.2M MAR 17 WK

CBI Industrial Trends Survey Points to Cooling PPI

US MBA: REFIS +5% SA; PURCH INDEX +2% SA THRU MARCH 17 WK

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

MNI BRIEF: Joint European Funds Best Response To IRA-Gentiloni

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
COLOMBIA

Feb Industrial Confidence Rises to 4.2

US

Blinken: China Is Watching How The World Responds To Ukraine

OIL

Crude Maintains Post-EIA Momentum

UK

Relief For PM As Only 21 Con MPs Vote Against Windsor Framework

STIR

BLOCK, Dec'23 SOFR Put Sale

ZAR

Rand Extends Rally, Outperforms All Other Majors

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Some Resistance Ahead Of 7.00

CNH

(MNI Australia) USD/CNH continued to recover post the Asia close, tracking close to 7.00 in NY trading, before pushing back down to 6.9900 in to the close. We are currently slightly lower at 6.9830. Yesterday's gain in USD/CNH was broadly in line with USD trends, with the CNY NEER basically unchanged for Monday's session.

  • Late yesterday November aggregate credit figures printed, coming in weaker than expected (1990bn yuan for aggregate finance, 2100bn yuan expected), while new loans were also softer (1210bn yuan, versus 1400bn yuan forecast).
  • The next major data release is on Thursday, when the 1yr MLF decision is due (no change expected), along with November monthly activity data, which is likely to print poorly.
  • Elsewhere, the China dragon index lost 2.77% overnight. China/HK equities were weaker in yesterday trade.
  • Bloomberg reports of surging Covid case numbers domestically, which is putting pressure on China's health system, could be the other focus point. This is likely weighing on some of optimism around China's shift away from its CZS.
EM BulletFixed Income NewsHomepageBulletMarketsEmerging Markets NewsForeign Exchange News

To read the full story

Why Subscribe to

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.