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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.
CNH
- Nothing new on the wires sparking the most recent extension, however, bullish momentum has been picking up for USDCNH following the break of the July and August highs around 6.7950. The pair is now trading up 1.14% at 6.8146.
- In most recent trade the broad dollar index continues to be well supported on Monday, rising 0.85% and climbing. Given the additional fundamental developments regarding the PBOC’s latest action and the weaker domestic activity data overnight, price action for USDCNH encountering little resistance at this juncture. The additional dynamic of there being several local holidays could also be impacting liquidity across global markets.
- The nearest point of focus on the topside will be the year’s highs at 6.8380, levels not seen since May.
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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