Free Trial

USD/CNH Prints Fresh Highs Post PMI Miss

CNH

USD/CNH has hit fresh highs, we got to 7.1110, but we sit slightly lower in last dealings (7.1080/90). Onshore spot is around 7.0975 currently, threatening a test of the 7.1000 handle. China's NBS noted that the country's economic recovery foundation is not solid yet. These comments followed the downside surprise for both the manufacturing and non-manufacturing PMI. Calls for further policy support are likely to persist post these prints.

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.