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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
MNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
MNI CHINA MARKETS: Yuan Weaker; Rates Up; SH Shares Down
BEIJING (MNI) - The Chinese yuan weakened to 6.3702 against the U.S. dollar
on Wednesday from Tuesday's 6.3535 closing, following today's weaker fixing.
The People's Bank of China set the yuan central parity rate at 6.3745
Wednesday, much weaker than Tuesday's 6.3486.
Interbank market rates rose after PBOC injected a net of CNY200 billion via
its open market operations.
- 7-day repo average fell to 2.8247% from 2.7787% Tuesday;
- Overnight repo average rose to 2.7517% from 2.6566% Tuesday.
Yield on 10-year China Government Bond last traded 3.7300%, up from 3.7050%
close on Tuesday: Wind Information.
The Shanghai Composite Index was down 0.28% to 3183.26 at 11:03 am, while Hong
Kong's Hang Seng Index was last down 0.44% at 31,013.44.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@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.