Free Trial

USD/CNH Continuing To Track Lower

CNH

CNH is tracking firmer in early dealings today. USD/CNH is close to session lows, last near 7.2640. We aren't too far off earlier Sep lows, with 7.2392 printing on the 1st of September. Before that we have the 50-day EMA near 7.2490 to break below.

  • Broader USD weakness has been evident so far today, led by JPY and AUD, with the BBDXY off by 0.12% and back to 1249.
  • At the margin, higher US equity futures and a downtick in US yields (10yr off 2bps) is weighing on USD sentiment.

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.