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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 has had a brief look below.......>
CHINA YUAN: USD/CNH has had a brief look below CNH6.7200, and trades at levels
not seen since Feb 1 after Tuesday saw BBG sources suggest that "the U.S. is
asking China to keep the value of the yuan stable as part of trade negotiations
between the world's two largest economies, a move aimed at neutralizing any
effort by Beijing to devalue its currency to counter American tariffs."
- The late Jan 30-Feb 01 intraday lows sandwiched between CNH6.7057-6.7019
provide the last area of technical support ahead of CNH6.7000, with eyes on the
ongoing Sino-U.S. trade talks in Washington, ahead of the ministerial level
talks scheduled for Thursday & Friday.
To read the full story
Sign up now for free trial access to this content.
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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.