MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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 Rebound Continues

CNH

USD/CNH ran out of steam around 7.1870 in the NY session. We last tracked near 7.1750. For Monday's session the pair gained 0.75%, in line with broader USD indices. The 20-day EMA is near by at 7.1730, while the 50-day comes in at 7.1331. The CNY NEER still managed to edge higher though for Monday’s session (+0.13%, J.P. Morgan Index).

  • The domestic data calendar is quiet, which is likely to leave focus on domestic Covid trends. Yesterday’s fresh stay at home orders for Shijiazhuang and a 5-day lock down for the Baiyun area, weighed on China-related asset sentiment.
  • Coupled with recent deaths of elderly patients from the virus, which is still a part of the population that is lagging from a vaccination standpoint, is pushing back against any sense of a dramatic shift in the CZS in the near term.
  • Overnight the China Dragon Index lost 3.55%, following Friday's dip of 2.98%.
  • Elsewhere, China regulators asked banks to stabilize lending to construction/property related companies. This is seen as consistent with the recently announced 16-point plan to support this sector of the economy.
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign 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.