Free Trial

USDCNH is broadly flat in early Asian....>

CHINA YUAN
CHINA YUAN: USDCNH is broadly flat in early Asian trading, last dealing at
6.8220 and remaining close to its highs. Bulls need a push above recent cyclical
highs of 6.8450 to trigger a potential fresh round of strength. 6.7380 will act
as major support given how strongly the pair bounced off this level yesterday. 
- Chinese interest rate swaps have opened lower today, with the 1-year at
2.8050%, falling back into its downtrend, with its spread over the US falling to
a new low of 13bps. It is difficult to see the yuan mounting any sustainable
bounce while ever this trend in rates remains intact. 

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.