MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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 trades at CNH7.0692, ~40 pips....>

CHINA YUAN
CHINA YUAN: USD/CNH trades at CNH7.0692, ~40 pips lower on the day. The PBoC set
its USD/CNY mid-point in between the estimates from RTRS and BBG.
- The rate added 120 pips yesterday. A broader appetite for safe havens favoured
USD, while the main focus was on U.S. VP Pence's speech re: China policies.
Pence criticised Beijing's handling of the HK situation, but also called for a
rapprochement on the trade front. Elsewhere, China was said to be aiming to buy
$20bn of U.S. farm products in a year, if a ltd deal with the U.S. is signed.
- Bulls look for a rally above the round figure/50-DMA at CNH7.1000/1115. Bears
eye the trendline support at CNH7.0625, ahead of the Sep 13 low of CNH7.0312.
- U.S. TR Lighthizer, U.S. Tsy Sec Mnuchin and Chinese VP Liu will speak on the
phone today, with bilateral junior-level talks touted next week.
- The Central Committee of the Communist Party of China will hold its plenary
meeting for the four days starting Monday. The plenum is a major policy-making
body, which brings together top party off'ls from across the country. 
- China's industrial profits hit on Sunday before official PMI data and Caixin
m'fing PMI take focus on Thursday and Friday respectively.
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign 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.