Free Trial
DIESEL

British Petrol and Diesel Sales Rise

ARGENTINA

April Economic Activity Data Due

COLOMBIA

MNI BanRep Preview - 1900BST/1400ET

US TSYS

Repo Reference Rates

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CHINA YUAN
CHINA YUAN: USD/CNH last trades at CNH6.9314, a touch higher on the day, but
dragged off of highs as the PBoC set its central yuan mid-point at CNY6.8942 vs.
the RTRS estimate of CNY6.9113.
- This comes after the rate finished virtually unchanged yesterday.
- Worth noting China's U.S. Tsy holdings fell to a two-year low in April,
according to the data published by U.S. Tsy Department.
- Japanese FinMin Aso said that U.S. and Chinese Presidents will likely meet
during the G20 summit.
- The rate has mostly traded within the CNH6.9000-6.9500 area for the last month
or so. Bulls look for a violation of the upper boundary of this range, which
would allow them to target the YtD high of CNH6.9625, touched on Jun 7. Below
the 21-DMA at CNH6.9289 would open the psychological level of CNH6.9000,
followed by CNH6.8951, which represents the 23.6% fibo retracement of the rally
onto the YtD peak.
- Chinese focus turns to new home prices, due at the bottom of the hour.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.