Free Trial

USDCNH has risen back to 6.7689, with....>

CHINA YUAN
CHINA YUAN: USDCNH has risen back to 6.7689, with ST resistance coming in at
6.7800. 
- Yuan cross continue to show weakness in the redback, with EURCNH testing fresh
highs today, currently at 7.9460, closing in on the 8.0000 level. 
- JPYCNH has also shot to fresh 11-month highs, trading at 6.1037, as the chart
pattern looks increasingly bullish for the yen. The break above the July 3 high
makes a strong case for a large double-bottom formation with an upside target
all the way up at 6.4000.

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.