Free Trial

Moving lower again


A 84 ticks gap on the open


Test the 1% target


In the red in early trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Yuan Weakens; USD/CNH Above 6.40


Offshore yuan is slightly weaker, USD/CNH rising above yesterday's high – the pair last up 20 pips at 6.4012 after seeing resistance at the round figure 6.40 yesterday.

  • There were reports in the China Securities Journal that analysts say expectations of yuan appreciation have abated, noting yuan is under pressure from seasonal FX demand from overseas-listed Chinese companies for dividend payments. Bloomberg calculations indicate Chinese firms listed in Hong Kong are expected to pay about $16.8bn of dividends in June, approximately $10bn more than the previous month
  • Elsewhere US President Biden signed an order yesterday which amends a ban on US investment In Chinese companies, extending a Trump era policy. The ban names 59 firms involved with China's military including Huawei and major telecoms companies.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.