Free Trial

USDCNH was unable to close below its.....>

CHINA YUAN
CHINA YUAN: USDCNH was unable to close below its 200-dma yesterday which has
shifted the near term outlook neutral, but upside momentum remains lacking and
the broader downtrend remains intact below the 21-dma which comes in at 6.8055.
- Xinhua News Agency reported earlier that members of China's top political
advisory body said the country should improve its regulations and laws to
strengthen protection of intellectual property rights. This comes as trade talks
resume tomorrow, which have been complicated by US prosecutors filing criminal
charges against Huawei. 
- It looks like a key week for the yuan, with PMI data also due out on Thursday.
- Worth noting that the yuan's real effective exchange rate is back at its
strongest level in six months, which could provide a headache for Beijing if
trade talks fail. 

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.