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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 AccessUSDCNH is trading close to daily lows....>
CHINA YUAN: USDCNH is trading close to daily lows at 6.8500 as bears look to
target the Sep 13 low at 6.8228. A series of hawkish statements from Premier Li
on the yuan helped the recovery, which has also been supported by the continued
rally in Chinese stocks.
- Several factors seem to be aligned for a bearish move in USDCNH, but one
exception is China-US yield spreads. The spread of China's 2-year interest rate
swap over the US has fallen back to zero today, reducing fundamental support for
the yuan.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.