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Why MNI
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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.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/CNH strengthened past CNH7.1500......>
CHINA YUAN: USD/CNH strengthened past CNH7.1500 and topped out 61 pips further
above early on as participants digested weekend news flow, including headlines
about escalating U.S.-China tensions. The Trump/Pompeo duo intensified sabre
rattling around the origins of the coronavirus pandemic, prompting a pushback
from Chinese state media. The POTUS also revisited the question of phase-one
trade deal with China, threatening to terminate the agreement if Beijing fails
to comply with its obligations re: purchases of U.S. goods. That being said, the
rate struggled to establish itself above CNH7.1500 and pulled back towards
neutral levels, with U.S. equity index futures ticking off lows. The rate last
sits +16 pips at CNH7.1366. As a reminder, China is off for holidays.
- Bulls look for a resumption of topside momentum. Gains above Mar 19/Oct 10
highs of CNH7.1653/84 would be an important bullish development. Bears would
like to see a pullback under the 50-DMA/Apr 30 trough at CNH7.0578/27. A
clearance of the level would open up Apr 10 low of CNH7.0370.
- China's trade balance as well as Caixin Services & Composite PMIs come out on
Thursday, with flash Q1 BoP current account balance due Friday.
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.