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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.
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Free AccessUSDCNH has risen for 9 consecutive.........>
CHINA FX: USDCNH has risen for 9 consecutive trading days and is now up on the
year. The pair is rapidly heading to resistance at 6.60 and with the RSI at 82
we would not be surprised to see a pullback.
- However, with the positive comments from US trade advisor Peter Navarro that
the US is not planning on imposing investment restrictions on China failing to
provide any relief to the yuan, it seems as though diverging monetary policy
outlooks between the US and China are the main driver of yuan weakness.
- With no signal that China's easing bias is set to change and the US Fed
continuing to drive up short-term rates, the bigger picture is for continued
yuan weakness.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.