Free Trial

DOLLAR TO WEAKEN AS YUAN GAINS: DAILY

CHINA PRESS
MNI (Sydney)

The U.S. dollar is transitioning to a phase of weakness due to signs

of stronger EU integration, increasing risks in U.S. assets and

stagnation in global trade, the China Securities Journal reported

citing investment bank CICC. This will likely boost demand for

precious metals and yuan assets, the newspaper said. Foreign

investors have steadily increased their positions in Chinese bonds

by CNY322.4 billion in H1, 1.4 times that of the same period

last year, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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.