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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 AccessMNI Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
YtD Lows For USD/CNH
Weaker USD dynamics linger in the USD/CNH cross early this week, with the rate looking through CNH6.8500, resulting in fresh YtD lows in the process.
- The latest evolution of the Sino-U.S. tensions hasn't hampered the yuan as of yet, with some arguing that it will take a significant hit to Chinese capital flows or a stronger round of polling for U.S. Presidential Trump re: the upcoming election for such matters to really factor into yuan valuations.
- Official Chinese PMI data revealed little fresh information re: the health of the Chinese economy.
- USD/CNH's next level of support is seen at the 38.2% retracement of the move from the 2018 low to the 2019 high, which lies at CNH6.8296.
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.