Free Trial

USDCNH remains near its range highs,.....>

CHINA YUAN
CHINA YUAN: USDCNH remains near its range highs, currently at 6.7040, with the
6.7250-6.7350 area increasingly at risk of being taken out as the pair continues
its broad uptrend. Bears would need a push below Friday's low of 6.6680 to
strengthen the case for a topping pattern. 
- Monetary policy expectations are increasingly dollar positive, with the spread
of 1-year swaps between the two countries falling to just 21bps today, its
lowest level level since the height of the global financial crisis, having
fallen ~160bps since the start of the year. 

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.