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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
USD/CNH has a look above Friday's........>
CHINA YUAN: USD/CNH has a look above Friday's peak, printing at CNH6.9877, the
highest level seen since Jan '17, before moving to CNH6.9850.
- The trade war dynamic remains front & centre, with the combative tone of U.S.
Pres. Trump & Chinese off'ls noted at the end of last week. Trump suggested that
the Chinese currency is "going to hell." The majority of the Chinese state media
outlets have struck a cautious tone re: further progress in trade matters, while
the Global Times maintained its usual, aggressive stance.
- It is worth recapping our latest insight piece, which saw Zhou Xiaoming, a
former MOFCOM off'l, suggest that the planned September trade talks may not now
take place. Zhou noted "China would like to reach a solution, but the U.S. is
asking too much." But Wang Haifeng, director of International Trade and
Investment at the Chinese Academy of Macroeconomic Research run by the NDRC,
thinks Trump's latest threat is an attempt to pressure to China move more
quickly when staff level off'ls talk in August & is unlikely to be implemented.
- CNH7.00 remains the key area of interest on the upside.
- Will the PBoC finally fix > CNY6.90 at today's USD/CNY fix?
To read the full story
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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.