Free Trial

The Chinese yuan may further............>

CHINA PRESS
CHINA PRESS: The Chinese yuan may further appreciate, but its current gain
doesn't change China's objective of keeping a stable exchange rate, China
Securities Journal said in a commentary Wednesday.
- Yuan's gain since mid-Dec is due to the weakening of the U.S. dollar: paper 
- Market expectation and investors' behaviors may accentuate the short-term
swing: newspaper 
- Difficult for yuan to repeat last year's 6% gain; outlook is mixed: newspaper 
***TAKEAWAY: The commentary by the official security newspaper suggests the
central bank will seek to maintain stability of the yuan and guide market
expectation to minimize high volatilities of the yuan.

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.