MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/CNH Just Below Simple 200-Day MA

CNH

USD/CNH is not too far off Wednesday session highs, last around 6.9040/50. CNH lost around 0.2% for Wednesday's session, broadly in line with USD index trends. USD/CNH is now above the 100-day EMA (6.9038), albeit just, and is very close to the simple 200-day MA at 6.9082 (which coincided with Wednesday session highs). The CNY NEER (J.P. Morgan Index) was down a touch to 125.95, versus 126.06 from Tuesday.

  • The local data calendar remains empty today. Late yesterday China urged state owned enterprises to drop the big four accounting firms form auditing processes over data leak concerns. This is keeping US-China relations in focus.
  • It also came after China President XI Jinping called for greater self reliance in important technologies. This is aimed at limiting the impact of US curbs on technology exports. Russian President Putin also stated he is waiting for Xi to visit. These comments came after Putin met with China's top diplomat Wang Yi.
  • Premier Li Keqiang chaired a state council meeting yesterday and stated the economy is improving, but challenges remain.
  • The China Golden Dragon rose 0.26% in US trade on Wednesday, the first gain in 3 sessions. To recap, onshore equities were weaker across the board yesterday (CSI 300 off by 0.90%).
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.