Free Trial

The yuan has been the best performing....>

CHINA YUAN
CHINA YUAN: The yuan has been the best performing currency globally this week
with USDCNH trading at 6.8530 after reaching as low as 6.8260 yesterday. 
- While the trade truce with the US has provided the catalyst, there have been a
number of positive shifts in the fundamental outlook for the yuan over recent
weeks (see 'China Money Week: Clouds Part For Yuan Recovery', Nov 30).
- The yuan's recovery has come despite a further drop in Chinese rates, with the
2-year swap breaking to the downside yesterday and extending its losses today.

To read the full story

Close

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.