Free Trial

PBoC continues to deploy the.............>

CHINA YUAN
CHINA YUAN: PBoC continues to deploy the counter-cyclical adjustment factor in
its fixing mechanism, although its magnitude has seemingly narrowed today, on
the back of the downtick in USD/CNY on Thursday and the very slight uptick in
today's fixing (CNY7.0879 vs. CNY 7.0858 yesterday). The mid-point was still
fixed some way below the RTRS median estimate (CNY7.1197).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.