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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 AccessThe latest leg lower in USDCNH has come in....>
CHINA: The latest leg lower in USDCNH has come in spite of rate markets giving
back their early gains. The 2-year faced stiff resistance at the 2.6% level,
which has seen it drop back down to 2.5625%, marginally down on the day.
- The rate decline comes even as equities are resuming their gains, with the
CSI300 up 0.8% and the HSI up 0.7% on the day.
- Rate markets seem to be the odd one out by not rallying alongside stocks and
the yuan suggesting that traders expect a stronger yuan to allow further PBOC
easing. However, with risk assets rallying and inflation expectations likely
rising in line with global trends, the PBOC may not need to cut as much as
expected.
To read the full story
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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.