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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 CHINA MARKETS: Yuan Weaker; Rates Fell; SH Shares Up
BEIJING (MNI) - The Chinese yuan fell to 6.3299 against the U.S. dollar on
Thursday from yesterday's 6.3229 close, following today's stronger fixing.
People's Bank of China set the yuan central parity rate vs the U.S. dollar
at 6.3239 on Thursday, stronger than Wednesday's 6.3294. This has been the third
day that the central bank set the fixing stronger.
Interbank market rates dropped as PBOC drained CNY100 billion after
skipping open market operations.
- 7-day repo average fell to 2.7029% from 2.8460% yesterday
- Overnight repo average is down at 2.5346% from 2.5604% yesterday.
Yield on 10-year China Government Bond last traded 3.8275%, lower than the
close of 3.8300% yesterday: Wind Information.
Stocks rose, sending the Shanghai Composite Index up 0.31% to 3281.94 at
11:00 a.m. local time, while Hong Kong's Hang Seng Index was 1.24% higher at
30,572.33.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
To read the full story
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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.