Free Trial

USD/CNH Pulls Lower, Weighs On USD


A fairly swift shunt lower for USD/CNH sees the cross take out CNH6.7000. dragging the majors with it, with the USD on the back foot as a result. No fresh headline drivers have been observed, with a positive start for Chinese equities and the previously outlined developments re: COVID in Beijing & Shanghai (in addition to a fresh round of economic support packages for the latter) likely supporting CNH.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story


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.