Free Trial

USD/CNH Sinks to Session Lows on Property Package Headlines

CHINA
  • Bloomberg reports that China are weighing a property market support package as a means to boost the economy. The report sees regulators considering reducing the down payment in some non-core neighborhoods of major cities, lowering agent commissions on transactions, and further relaxing restrictions for residential purchases, according to sources.
  • CNH firms on the back of the news, spilling over to cross-asset markets and boosting risk appetite. USD/CNH slips to new daily lows at 7.0722 - pair now within range of 7.0678 lows from May29.

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.