MNI: US NOV FINAL SRVCS PMI 56.1 (FLASH 57.0); OCT 55.0

MNI BRIEF: Barkin Aims For 'Somewhat Restrictive' Fed Rates

MNI BRIEF: US Pay Gains Stabilizing At Higher Rate -ADP

MNI China Daily Summary: Wednesday, Dec 4

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: US ISM NOV SERVICES COMPOSITE INDEX 52.1

MNI: US OCT FACTORY ORDERS +0.2%; EX-TRANSPORT NEW ORDERS +0.1%

MNI: CANADA Q3 LABOR PRODUCTIVITY -0.4% QOQ

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Chinese Yuan to Show Resilience, Flexibility: Journal

CHINA PRESS
MNI (Singapore)

The Chinese yuan will remain resilient as supported by China's increased economic power, and the value of yuan assets will further increase with the country's foreign exchange reserves and interest spread with the U.S. remain stable, the China Securities Journal reported citing Ming Ming, deputy research head at CITIC Securities. The currency has become more flexible and informative in reflecting the changes in international markets as well as FX supply and demand, the newspaper cited Ming as saying. The annualized volatility of yuan against the U.S. dollar was 3.5% in the first half of this year, while the monthly change of the central parity of yuan against the dollar was only 0.2% back in 2005 to 2015, the newspaper said.

Energy BulletsCommodities
Energy BulletsCommodities

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.