MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: PBOC May Forex Purchase Position Rises 5th Month

MNI (Beijing)
     BEIJING (MNI) - The People's Bank of China (PBOC) reported that forex
purchase position rose for a fifth month in May, reflecting supply and demand
generally in balance. 
     The PBOC's forex purchase position in May rose by CNY9.144 billion m/m to
CNY21.5117 trillion, more than April's increase of CNY7.422 billion, according
to a statement on the central bank's website Thursday.
     The value of PBOC's forex reserves fell by USD14.23 billion to USD3.11
trillion in May from the previous month due to valuation effects, PBOC said
separately on June 7.
     MNI COMMENT: The rising U.S. dollar index places greater depreciation
pressure on the yuan. This may be helped by China's opening up of its financial
market, which draws capital inflow and shores up forex purchases and reserves. 
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MAQDS$,M$A$$$,M$Q$$$]
Data StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegion
Data StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegion
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.