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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 AccessUSD/CNH Through 6.7300
USD/CNH is comfortably through the overnight highs (6.7200), last tracking close to 6.7350.
- USD/CNH is up 0.30% versus NY close levels, which is the firmest trend amongst the USD/Asia pairs. Onshore spot is up by a similar amount to 6.7150.
- Whilst equity sentiment has stabilized as Shanghai announced positive progress on clearing ports and re-opening schools (June 6), the overhang from Premier Li's warning around the growth challenges in 2022 is still being felt.
- Onshore bond yields are ticking lower. The 10yr is down to 2.75%, close to fresh multi month lows, likewise for the 2yr sub 2.2%.
- The earlier USD/CNY fix was also close to neutral levels relative to expectations.
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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.