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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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BRIEF: EU-Mercosur Deal In Final Negotiations - EC
USDCNH has dropped back from daily highs to...>
CHINA: USDCNH has dropped back from daily highs to trade at 6.8080 currently.
The pair holds below support-turned-resistance at the 21-dma as the 55-dma at
6.7242 comes into focus.
- This comes despite a renewed drop in 2-year interest rate swaps, which have
edged down 1bps to trade at 2.91%. Yields are being capped by the 55-dma at
2.9635.
- Chinese stocks are coming under pressure as the 55-dma caps gains in the HSI
and the CSI 300 fails to overcome the July 10 highs at 3424.
- Overall the process of Chinese assets bottoming out remains in place but
headline risk is likely to keep market volatility elevated.
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.