MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI BRIEF: Text of Bank of Canada Interest-Rate Decision

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

USD/CNH Comfortably Off Highs, Equity Sentiment Weakens

CNH

(MNI Australia) USD/CNH is comfortably off earlier session highs. The pair was last around 6.7870/75. This is around -0.25% sub NY closing levels from Friday, but we are seeing some support emerge, as current levels are very close to the 20-day EMA.

  • The pair touched 6.8325 in early trade, amid yen weakness and concerns around US-China tensions. Comments from China officials doesn't suggest further escalation around the balloon incident, at least in the near term.
  • Equity sentiment is on the backfoot, with the CSI 300 off by 1.67% at the break, while the Shanghai Composite is down by 1.0% at this stage.
  • Northbound stock connect outflows continue, with a further 4.4bn yuan in outflows today (note we saw 4.24bn in outflows on Friday's session).
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.