Free Trial

USDCNH trades close to its daily highs...>

CHINA YUAN
CHINA YUAN: USDCNH trades close to its daily highs just shy of 6.7700, with no
end in sight to the yuan's drop.
- 6.9000 remains the measured move target from the July range and the
fundamentals seem to support such a move given the ongoing collapse in interest
rate swaps relative to the US. 
- Yuan weakness should help support local stocks as the tight correlation
between equities and FX breaks down. 

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.