Free Trial

Back From Best Levels


Fixed Rate Operation Offer


CNH Continues To Struggle

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

Narrow ranges seen in a subdued session ahead of US NFP.

  • CNH: Offshore yuan is slightly weaker, USD/CNH rising above 6.40 and breaking yesterday's high. There were reports in the China Securities Journal that analysts say expectations of yuan appreciation have abated, noting yuan is under pressure from seasonal FX demand from overseas-listed Chinese companies for dividend payments.
  • SGD: Singapore dollar flat, hugging a 15 pip range all session amid a lack of catalysts.
  • TWD: Taiwan dollar is flat, having reversed losses at the open. Markets assess reports that the CBC ae to increase SME support by TWD 100bn and the approval of a TWD 260bn COVID-19 relief bill.
  • KRW: Won is weaker, South Korea' reported 695 daily new coronavirus cases on Friday, above 600 for the third day. The won is on track for its first weekly decline in 3 weeks.
  • MYR: Ringgit is lower, coronavirus cases remain elevated which has accelerate outflows from Malaysian stocks.
  • IDR: Rupiah is weaker, BI Deputy Gov said yesterday that the BI will ensure monpol remains accommodative in order to boost the recovery.
  • PHP: Peso is stronger, data earlier showed CPI rose in-line with estimates at 4.5%, core CPI rose 3.3%. Following the release BSP Governor Diokno said the bank expects CPI to ease to within target range by the second half of 2021.
  • THB: Baht declined, data showed CPI fell faster than expected at -0.93% M/M, the Y/Y figure came in at 2.44% against estimates of 3.3%.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.