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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI 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
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Free AccessMNI CHINA MARKETS: Yuan Stronger; Rates Lower; Stocks Down
BEIJING (MNI) - The yuan rose against the U.S. dollar Wednesday morning
after the People's Bank of China set a stronger daily fixing.
The yuan was last at 6.6327 against the U.S. unit, rising 0.16% compared
with the official closing price of 6.6431 on Tuesday.
The PBOC set the yuan central parity rate against the U.S. dollar at 6.6263
on Wednesday, stronger than Tuesday's 6.6399. It was the first day the PBOC has
set a stronger fixing after two straight trading days of weaker fixings.
Money market rates fell Wednesday morning after the PBOC injected CNY220
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.8283% Wednesday, lower than Tuesday's average of 2.9431%. The
overnight repo average was at 2.7628%, lower than Tuesday's 2.8535%.
Stocks were down, led lower by the non-ferrous metal ore mining and
property agency sectors. The benchmark Shanghai Composite Index was last down
0.65% at 3,407.11. Hong Kong's Hang Seng Index was 0.54% lower at 28,994.69.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
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Why MNI
MNI is the leading provider
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