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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 AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/CNH eased off in early Asia-Pac......>
CHINA YUAN: USD/CNH eased off in early Asia-Pac trade today amid a continued
improvement in risk sentiment as worry re: U.S.-Iran tensions has dissipated. A
similar dynamic is evident across the Asian FX space. A slightly weaker than
expected PBoC fix pushed USD/CNH away from worst levels, but then the rate
turned tail again and printed a fresh multi-month low at CNH6.9224. The slide
occurred although China's inflation figures missed estimates as CPI rose +4.5%
Y/Y vs. exp. +4.7% & PPI fell -0.5% Y/Y vs. exp. -0.4%.
- At typing, the rate trades -104 pips at CNH6.9262. The low of Dec 12 at
CNH6.9229 provides the nearest technical floor, even as we saw a brief, marginal
look under that level. A convincing break here would shift bearish focus to the
CNH6.9000 mark. Conversely, bulls look for a clearance of the 200-DMA at
CNH6.9712. A move through the level would expose CNH6.9777, the Jan 6 high.
- RTRS sources said that Chinese FinMin will allow regional gov'ts to front-load
>CNY500bn in general purpose bond issuance to spur investment.
To read the full story
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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.