Free Trial

USDCNH trades at its daily high of 6.8730.....>

CHINA
CHINA: USDCNH trades at its daily high of 6.8730 while Hong Kong listed equities
trade at their daily lows, with the week starting on a bearish note following
China's decision to cancel US trade talks. 
- The HSCEI has dropped below 10800, falling 2.2% on the day as the weak yuan
has had a negative impact in HKD terms. The HSI is down over 500 points as the
Sep 14 high comes into play as potential support. 
- USDHKD has erased early declines but the pair remains at Friday's lows of
7.8110 following the relatively huge 0.4% daily more as borrowing costs
tightened triggering a reversal in the HKD carry trade.  

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.