Free Trial

The yuan has clung to its gains following.....>

CHINA
CHINA: The yuan has clung to its gains following the US-China trade talks
headlines even as equities have given up their gains and bond futures trade just
off their daily highs. USDCNH last trades at 6.9023, erasing most of yesterday's
gains.
- Correlations across Chinese assets have broken down in recent weeks with the
shift lower in US yields allowing the yuan to remain firm despite the ongoing
decline in Chinese yields. The drop in US stocks has also meant that falling
Chinese stocks are no longer acting as a major drag on the yuan.
- The PBOC is expected to end its record 33-day long run of open market
operations soon, with analysts suggesting the PBOC will likely to provide CNY286
billion of Medium-term Lending Facilities (MLFs) this Friday to offset maturing
MLFs, the China Securities Journal reports Tuesday. 

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.