MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/CNH last trades at CNH6.7173, ~90....>

CHINA YUAN
CHINA YUAN: USD/CNH last trades at CNH6.7173, ~90 pips lower on the day.
- The rate oscillated around the opening levels before slumping on the back of
an FT source story, which stated that "top U.S. & Chinese officials have
resolved most of the issues standing in the way of a deal to end their
long-running trade dispute." Worth highlighting the story still pointed at some
outstanding bones of contention, including enforcement mechanisms.
- Subsequent release of strong Caixin services & composite PMIs allowed the rate
to touch fresh intraday lows of CNH6.7107, before it ticked away from worst
levels. The services gauge touched the best levels since Jan 2018.
- As a reminder, Chinese VP Liu is visiting Washington for trade talks.
- Chinese Foreign Min Wang said that Beijing is in Belt & Road talks with
several EU countries and Chinese Premier Li will visit Europe on Apr 8-12.
- The rate has recently moved away from the channel resistance-turned-support
breached on Mar 22, located at CNH6.6904. A lift through the 21-DMA at CBH6.7199
would bring the Mar 28 monthly high of CNH6.7500 into play. Meanwhile, a dip
towards the aforementioned channel would let bears regain some momentum.
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign 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.