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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessUSD/CNH purchases have eased and the.....>
CHINA YUAN: USD/CNH purchases have eased and the spot has given away its earlier
gains. It last sits at CNH7.0766, virtually unchanged on the day. The pair
earlier topped out at CNH7.0877 after the PBoC cut the rate applied to its
14-day reverse repos by 20bp.
- PBoC Gov Yi spoke at the Lujiazui Forum, noting that China's aggregate
financing is expected to top CNY30tn this year, with new yuan loans expected to
near CNY20tn. He said that the yuan is attractive to global investors and
praised China's sound economic fundamentals.
- China's top diplomat met with U.S. Sec of State Pompeo in Hawaii, but there
has been little in the way of substance coming out of these talks. Elsewhere,
U.S. Pres Trump signed legislation targeting Chinese off'ls responsible for
repressions of the Muslim minority in China.
- Finally, China's & Beijing's Covid-19 case counts moderated, per the latest
update, but remain a source of worry.
- A break above Jun 15 high/50-DMA at CNH7.0974/7.1010 would open Jun 4 high of
CNH7.1337. Bears look to a fall towards Jun 10 low of CNH7.0401.
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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.