Free Trial

The Chinese yuan will get back to a.....>

CHINA PRESS
CHINA PRESS: The Chinese yuan will get back to a range of around 7 against the
USD in the medium-term, and tools such as "counter-cyclical factors" would be
introduced by the People's Bank of China to guide expectations in the foreign
exchange market, China Securities Journal reported. Citing Zhang Jiqiang, an
analyst with Huatai Securities, the Journal said the recent depreciation of the
Chinese Yuan had little to do with economic fundamentals since high-frequency
data showed the Chinese economy is recovering rapidly. 

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.