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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.
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Free AccessXi Congratulates Biden On Election Win
Spot USD/CNH had a look under yesterday's low, but has climbed back towards neutral levels and last trades flat at CNH6.5633. The PBoC set its central USD/CNY mid-point at CNY6.5780 vs. BBG est. of CNY6.5776, providing little to no impetus.
- Chinese Pres Xi congratulated Joe Biden for winning the U.S. presidential election, expressing hope that the two countries will "manage differences".
- A fall through Nov 18 low of CNH6.5321 would expose trendline support/round figure at CNH6.5057/00. Bulls look to take out Nov 24 high of CNH6.5971, before targeting Nov 12 high of CNH6.6349.
- China's industrial profits hit the wires tomorrow.
To read the full story
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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.