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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 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 has firmed up, drawing support...>
CHINA YUAN: USD/CNH has firmed up, drawing support from broader risk aversion
provoked by the NYT story flagged before. Better than expected Q2 GDP data
failed to generate much fresh demand for the redback. Monthly economic activity
indicators were also, on balance, better than forecast, even as retail sales
lagged consensus. Today's PBoC fix didn't provide any material lead as it
matched BBG estimate.
- Xinhua ran comments from Chinese Pres Xi, who said that fundamentals driving
Chinese economic growth will not change. Xi reiterated his usual refrain re:
further reform & opening-up.
- The rate last trades +132 pips at CNH6.9954. A move through Jul 14 high of
CNH7.0256 would bring the 200-DMA at CNH7.0378 into view. Conversely, a dip
through Jul 9/yesterday's lows of CNH6.9809/07 would expose the lower 3.0%
Bollinger band at CNH6.9352.
- Not much left on Chinese docket this week, which shifts focus to next week's
monthly LPR fixing.
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.