Free Trial

USDCNH is trading at 6.8833 following the.....>

CHINA
CHINA: USDCNH is trading at 6.8833 following the PBOC's fix, with the pair
retracing the earlier spike above 6.89 to keep within its recent range. 
- Risk-off appetite appears to be contained in China following the US tariff
decision, with stocks holding their recent lows and interest rate swaps showing
little movement. 
- Given the sharp weakness seen in US stocks in late trading, Chinese markets
are showing some resilience suggesting a potential 'buy the news' scenario after
months of 'selling the rumor'. 

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.