FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Unwinding Some Of Tuesday's Gain, China To World Equity Ratio Trend Moving Lower

CNH

CNH is unwinding part of Tuesday's gain in the first part of Wednesday trade. USD/CNH was last near 7.1370, close to session highs. Note we opened near 7.1200. This is a CNH loss of just over 0.20% versus Tuesday NY closing levels. Yesterday's highs were above 7.1500, so we are still some distance from these levels.

  • Broader USD sentiment has stabilized somewhat, with the BBDXY slightly above Tuesday closing levels (last 1223.60).
  • Onshore equities are also struggling for positive territory. CSI 300 losses were last at a modest 0.25%, but China equities have been absent from the global rally in recent months.
  • The ratio of China equities has been in a downtrend since late October.
  • As widely expected, the 1yr and 5yr LPRs were held steady earlier.
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.