MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1159 WEDS VS 7.1148

MNI China Daily Summary: Tuesday, June 18

Japan May Exports +13.5% Y/Y; Imports +9.5% Y/Y

MNI BRIEF: Japan May Exports Rise On Automobiles, Auto Parts

MNI: JAPAN MAY EXPORTS +13.5% Y/Y; APRIL +8.3%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA MARKETS: Yuan Weaker; Rates Down; Stocks Rise 

     BEIJING (MNI) - The yuan fell against the U.S. dollar Friday morning after
the People's Bank of China set a weaker daily fixing. 
     The yuan was last at 6.6521 against the U.S. unit, compared with the
official closing price of 6.6357 on Thursday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.6473
on Friday, weaker than Thursday's 6.6288. Today's fixing is the lowest since
Oct. 9 and marks the biggest daily drop since Sep. 21.
     Money market rates fell Friday morning after the PBOC injected CNY90
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.7747% on Friday, lower than Thursday's average of 2.9714%. The
overnight repo average was at 2.6914%, lower than Thursday's 2.7163%.
     The yield on benchmark 10-year China government bonds was last at 3.7950%,
up from the previous close of 3.7750%, according to Wind, a financial data
provider. 
     Stocks were up, led higher by the banking and insurance sectors. The
benchmark Shanghai Composite Index was last up 0.11% at 3,411.41. Hong Kong's
Hang Seng Index was 0.90% higher at 28,456.73.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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.