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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 Higher; SH Shares Lower
BEIJING (MNI) - The Chinese yuan fell to 6.3355 against the U.S. dollar on
Friday from yesterday's 6.3300 closing, following today's weaker fixing of
6.3393 versus yesterday's 6.3283.
Interbank market rates rose after the People's Bank of China kept liquidity
unchanged by open market operation.
- 7-day repo average rose to 3.0702% from 2.9530% yesterday;
- Overnight repo average was at 2.9068%, up from 2.7934% yesterday.
Yield on 10-year China Government Bond last traded 3.6300%, the same as
close yesterday: Wind Information.
The Shanghai Composite Index dropped 0.44% to 3,061.48 at 11:15 am, while Hong
Kong's Hang Seng Index was last up 0.27% to 30,087.43.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.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.