Free Trial

China's monetary authority could use....>

CHINA PRESS
CHINA PRESS: China's monetary authority could use a "visible hand" to regulate
the foreign exchange market when necessary, the Economic Information Daily in a
front-page commentary on Thursday. The yuan is well supported by stable economic
fundamentals and the decreasing forex sales by banks, and the authority is
capable of keeping the yuan stable at a balanced level, the newspaper said. The
"visible hand" is a key part of China's exchange rate formation mechanism, the
commentary said. 

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.