Free Trial

USDCNH is clinging to yesterday's late........>

CHINA
CHINA: USDCNH is clinging to yesterday's late gains, currently trading at 6.8435
as the bullish trend threatens to resume.
- The yuan's weakness has come despite a continued rally in Chinese swaps, with
the 2-year now trading at 2.87%, rallying another 2bps today to trade through
its 21-DMA resistance level. 
- The China-US 2-year swap spread has risen back to positive levels, currently
at 2.5bps, up from -15bps on Monday. 
- Chinese stocks are giving back some of yesterday's gains today, with H-shares
underperforming slightly. 

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.