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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 MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
MNI: PBOC Yuan Parity Higher At 7.1588 Wednesday; -6.28% Y/Y
The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1588 on Wednesday, compared with 7.1565 set on Tuesday. The fixing was estimated at 7.2136 by BBG survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1588 | 7.8984 | 5.0389 |
Prev. Fixing | 7.1565 | 7.8933 | 5.0443 |
Prev. Official Close | 7.2133 | -- | -- |
% Chg Y/Y | -6.28 | -12.76 | -0.63 |
% Chg Since Jan. 1 | -11.65 | -8.72 | +9.77 |
% Chg Since July '05 | +15.61 | -- | -- |
The PBOC started setting daily central parity rates on Jan 4, 2007.
On July 21, 2005, China switched to a managed-float formula against a basket of currencies, weakening the yuan's peg to the dollar
Since March 17, 2014, the yuan has been allowed to move 2% in a range on either side of the daily fixing against the dollar.
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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.