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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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Free AccessThe yuan is expected to extend its......>
CHINA PRESS: The yuan is expected to extend its upward trend while fluctuations
may exist, China Securities Journal reported Tuesday.
- The yuan's close yesterday was 391 pips higher than Friday, the peak since
early Feb;
- A weaker dollar, which is being dragged down by the Fed's less hawkish stance
than the market expected, and China-U.S. trade conflict escalation, helped with
the yuan strengthening;
- The launch of China's yuan-denominated crude oil futures on Monday also
increased demand for the yuan.
To read the full story
Sign up now for free trial access to this content.
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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.