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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 likely to maintain its.......>
CHINA YUAN: The yuan is likely to maintain its strength and extend its upward
momentum this year, Financial News, a newspaper owned by the People's Bank of
China, said in a commentary Thursday. Rising imports and exports during the
first three quarters this year point to a recovering global economy and ease the
negative impact from earlier concerns about the impact of anti-globalization
movements, the newspaper said. The likelihood of a "dovish" Jerome Powell taking
over as Fed chairman may help reduce the likelihood of a rate hike in December,
the paper argued. A stable domestic economy and the yuan's internationalization,
have helped make the currency resilient, the newspaper said. (Financial News)
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.