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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Monday, November 25
The relatively dovish Fed minutes and....>
CHINA YUAN: The relatively dovish Fed minutes and comments saw USDCNH break
cleanly through both neckline support from the Aug lows and the Dec 4 low.
USDCNH now sits at 6.8144, consolidating its recent decline.
- While the dollar weakness has been broad based the yuan has managed to post a
bullish break versus the KRW, with the cross breaking cleanly above the 164
level to suggest a bottoming pattern is playing out.
- US-China trade talks ended cordially but with no major breakthrough, but with
the technical picture for the yuan improving it would likely take some negative
headlines to trigger a bullish reversal in USDCNH.
- CPI and PPI data are also due at the bottom of the hour.
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.