Free Trial

USDCNH Hit On Sources Headlines Warning Against Shorting Yuan

CHINA
  • Recap of the Reuters sources headlines prompting the sharp fall in USDCNH down to lows of 6.86 in recent trade:
  • [RTRS] - CHINA FX REGULATOR INFORMALLY WARNS SEVERAL BANKS AGAINST SHORTING CHINESE YUAN
  • CHINA FX REGULATOR: HAS NOT SEEN FINANCIAL INSTITUTIONS UNREASONABLY BUYING LARGE AMOUNTS OF FX
  • CHINA FX REGULATOR: CHINA'S YUAN REMAINS RELATIVELY RESILIENT COMPARED WITH OTHER NON-DOLLAR CURRENCIES FOLLOWING RECENT RAPID DOLLAR GAINS

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.