-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUSD/CNH Back To 7.1500, Xi & Biden To Meet Next Monday
USD/CNH is back to the 7.1500 level. This is a -1.7% fall over the past 24 hours, slightly trailing broader USD losses seen against the majors. Still, it is back to lows from early October and the 50-day EMA is not too far at 7.1384. On the topside, there could resistance at the November 4 low, near 7.1720, while beyond that is the 7.2000 figure level.
- Outside of the US CPI focus overnight, for China currency sentiment we had the new Politburo committee calling for a more targeted approach around covid zero. The emphasis is on bringing case numbers under control as quickly as possible so normal life and production can resume (see this link).
- Whilst this doesn't appear to be a major shift in CZS, there is hope the Guangzhou area can avoid a repeat of the Shanghai lockdown from earlier in the year, with a slight downtick reported in case numbers yesterday, while 3 out of 11 possible districts have only been locked down so far.
- US President Biden and China President Xi will meet next Monday in Bali ahead of the G20 meetings. Taiwan and Russia are likely to be topics of discussion, while tech could also feature.
- China avoided being labelled a currency manipulator, but the US Treasury is calling for greater transparency around FX intervention.
- Finally, aggregate credit figures came in well below expectations for October (907.9bn yuan, against a 1600bn yuan forecast).
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.