MNI BRIEF: Fitch China Outlook Downgrade Regrettable - MoF

MNI BRIEF: Higher Import Prices To Drive Policy - BOJ's Ueda

RBNZ SAYS MPC CONFIDENT OCR IS RESTRICTIVE

MNI: PBOC Injects CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0959 Weds; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Norges Bank Will View Soft March CPI Against Recent Wage Agreements

EZ/UK Bond Supply Calendar: UK, Germany, Portugal Due Wednesday

MNI: NORWAY MAR CORE CPI +0.2% M/M, +4.5% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI CHINA MARKETS: Yuan Stronger; Rates Lower; Stocks Down 

     BEIJING (MNI) - The yuan was stronger against the U.S. dollar on Thursday
after the People's Bank of China set the fixing rate much stronger for the day.
     The yuan was last at 6.6106 against the U.S. unit after opening at 6.6076,
compared with the official closing price of 6.6203 on Wednesday.
     The PBOC set the yuan central parity rate at 6.6033, 218 bps stronger than
Wednesday's 6.6251, the biggest daily strengthening since foreign exchange
reform in July 2005.
     Money market rates were lower Thursday morning. The seven-day repo average
was last at 2.8412%, compared with Wednesday's average of 2.9457%. The overnight
repo average was at 2.7746%, compared with Wednesday's 2.8143%.
     The yield on benchmark 10-year China government bonds was last at 3.9346%,
compared with a previous close of 3.9250%.
     Stocks dipped, led lower by the health care sector. The benchmark Shanghai
Composite Index was last down 0.47% at 3,287.67. Hong Kong's Hang Seng Index was
0.31% lower at 29,131.67.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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.