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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 yuan is underperforming today as.....>
CHINA YUAN: The yuan is underperforming today as USDCNH remains up on the day
even as the dollar gives back its gains generally. EURCNH trades just below 7.93
having broke back above support-turned resistance at 7.90. Down trendline
resistance from the the Sep 26 high has also given way today, returning the
focus to the upside.
- The yuan is underperforming its Asian peers too, with CNHKRW trading down 0.5%
as the end-Sep lows come into focus just below 161.0.
- The yuan's underperformance contrasts with Chinese stocks which are hitting
daily highs, up around 1% across the board.
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.