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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 AccessUSD/CNH continues to grind higher..........>
CHINA FX: USD/CNH continues to grind higher despite the modest weakness in the
greenback today: overnight highs sit at 6.8491 and a break above will expose a
move toward 6.8546 before any attempt on the YTD highs, which remain well over
1.5% away now. Markets remain primed on any progress in US-China trade talks
which are due to resume as soon as the end of today in order to avoid a
potential further levy of as much as $16bln of goods due tomorrow. While no
breakthrough is expected, any marked progress could see further support for
equities and could allow the CNH to recover more poise.
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.