Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
BEIJING (MNI) - The yuan strengthened against the U.S. dollar on Monday
morning after the People's Bank of China set a stronger fixing for the day.
The yuan was last at 6.4315 against the U.S. unit, up from 6.4680 on
Friday. The currency rose as high as 6.4280 in the morning session, the
strongest since Dec. 9, 2015.
The PBOC set the yuan central parity rate against the U.S. dollar at 6.4574
on Monday, stronger than Friday's 6.4932.It was the strongest since May. 3. It
was also the biggest daily gain since Oct. 11.
Money market rates were lower after the PBOC injected a net of CNY265.5
billion via it open-market operations and Medium-term Lending Facility. The
seven-day repo average was last at 2.7762%, lower than Friday's average of
2.9043%. The overnight repo average was at 2.7610%, higher than Friday's
The yield on benchmark 10-year China government bonds was last at 3.9650%,
up from the previous close of 3.9350%, according to Wind, a financial data
Mainland stocks rose, led by shares of property and securities companies.
The benchmark Shanghai Composite Index was up 0.14% at 3,433.59 at the mid-day
trading break. Hong Kong's Hang Seng Index gained 0.71% to 31,637.02.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: email@example.com
--MNI Beijing Bureau; +86 10 8532 5998; email: firstname.lastname@example.org