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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.
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Free AccessMNI CHINA MARKETS: Yuan Weaker; Rates Lower; SH Shares Up
BEIJING(MNI) - The Chinese yuan weakened to 6.3722 against the U.S. dollar
on Wednesday from Tuesday's 6.3676 closing, following today's weaker fixing.
The People's Bank of China set the yuan central parity rate at 6.36733
Wednesday, weaker than Tuesday's 6.3674. The central bank has set the fixing
weaker for three trading days in a row.
Interbank market rates decreased after PBOC drained CNY100 billion via open
market operations. The 7-day repo average fell to 2.6786% from 2.6809% Tuesday.
Overnight repo average dropped to 2.4836% from 2.5421% Tuesday.
The yield on 10-year Chinese Government Bonds last traded at 3.7000%, up
from the 3.6950% close on Tuesday: Wind Information.
The Shanghai Composite Index was up slightly 0.06% to 3163.25 at 11:30
midday market break, while Hong Kong's Hang Seng Index was last up 0.46% at
30,543.96.
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
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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.