Free Trial

USDCNH is seeing slight upside...........>

CHINA YUAN
CHINA YUAN: USDCNH is seeing slight upside pressure following the PBOC fix,
trading at 6.9460, with bulls still needing a close above the 6.95 level to
reignite fresh upside momentum.
- The yuan has been very quit in recent trading despite the surge in equity
volatility, but a break above 6.95 could see volatility pick up, especially if
it is joined with renewed weakness in Chinese stocks.
- Rate spreads remain dollar positive with the 2-year US-China spread still near
cycle highs at 22.5bps.  

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.