Free Trial

Lacking Conviction

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
     BEIJING (MNI) - The yuan fell against the U.S. dollar Monday morning after
the People's Bank of China set a stronger daily fixing. 
     The yuan was last at 6.5475 against the U.S. unit, compared with the
official closing price of 6.5442 on Friday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.5419
on Monday, slightly stronger than Friday's 6.5423.
     Money market rates were mixed Monday morning after the PBOC injected CNY300
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.7845 Monday, lower than Friday's average of 2.9079%. The overnight
repo average was at 2.7508%, higher than Friday's 2.7133%.
     The yield on benchmark 10-year China government bonds was last at 3.5834%,
up from the previous close of 3.5813%, according to Wind, a financial data
     Stocks were up, led higher by the winemaking and food sectors. The
benchmark Shanghai Composite Index was last up 0.27% at 3,362.52. Hong Kong's
Hang Seng Index was 0.94% higher at 28,069.17. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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.