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- PolicyPolicy
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 remains in consolidation mode......>
CHINA FX: USD/CNH remains in consolidation mode despite more hostile language
from Trump toward the "plague from China" and as MNI sources report that China
are said to want easier US trade deal terms as they are unlikely to meet import
commitments.
- The 50-dma remains near-term support at 7.0754 as well as the uptrendline
drawn from the Apr10 low which today intersects at 7.0886. The May highs at
7.1561 look out of reach for now.
- In options space, skew has settled considerably from the March unrest, but the
shorter-end of the risk reversals curve remains (slightly) elevated above the
pre-Coronavirus crisis highs. For the past few session, CNY hedging via options
has been slower vs. recent averages, but Wednesday trade has been a little more
busy. Wednesday's put/call ratio is skewed heavily toward USD/CNY calls, with
call strikes as high as 7.65 in firm demand. This was typified by one of the
larger trades of the day so far, with trades consistent with a 7.15/7.40 3m call
spread crossing at the Asia/EU crossover.
- Industrial production and retail sales due Friday take focus going forward.
To read the full story
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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.