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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Yuan Strength Limited, Unlikely to Rise Past 6 on USD: Guan Tao
The Chinese yuan may not maintain last year's momentum through the early part of this year, and is unlikely to trade past 6 against the U.S. dollar in 2021, Guan Tao, chief economist of BOC International and a former official at the State Administration of Foreign Exchange, said in a forum on Wallstreetcn.com on Thursday. The PBOC is likely to increase yuan flexibility, control capital inflows and expand outflows to ease the pace of appreciation, even as it has refrained from forex market interventions, Guan said. The yuan closed at 6.5340 at 16:30 Beijing time Thursday, hitting the weakest level this year. MNI noted.
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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.