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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM
MNI BRIEF: China To Step Up Trade Bloc Negotiations
USDCNH is little changed after the PBOC's.....>
CHINA: USDCNH is little changed after the PBOC's fix, with the pair trading at
6.8531 as the range remains intact. EURCNH is trading at 8.0100 as bulls
struggle to cling to gains above the crucial 8.0 level.
- A number of factors are pointing towards yuan strength, such as the sharp drop
in USDCNY implied volatility, with the 1-month now trading at two-month lows,
suggesting that risk-appetite is returning to the currency.
- There has been a sharp rise in Chinese interest rate swaps today too, with the
2-year up a further 2.5bps to trade at two-month highs of 3.0150%. Equity gains
have placed upward pressure on yields while comments today from Economic
Information Daily that monetary policy should not be regarded as powerful a tool
as before may have helped out.
- China-US 2-year swap spread now back to 4.7bps from zero yesterday.
To read the full story
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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.