Free Trial

USD/CNH bounces sharply from the lower.....>

CHINA FX
CHINA FX: USD/CNH bounces sharply from the lower levels of the session as MNI
sources report that the PBoC are wary of further CNY appreciation. The MNI
source added that the current rally could be capped at about 6.7 to the USD.
USD/CNH touches Cnh6.7644 at typing.

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.