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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 rebound against...>
CHINA PRESS: The yuan is likely to rebound against the U.S. dollar soon as
market sentiment has seen positive changes, Shanghai Securities News said,
citing experts.
- The U.S. dollar index is unlikely to remain above the 95.0 level as the
Michigan Consumer Sentiment Index (MCSI) and PPI for imported goods in June were
both below expectations, the newspaper said, citing Citic Securities.
- The yuan is expected to remain stable or rise slightly against the U.S.
dollar in the second half of the year, said Shenwan Hongyuan Securities,
according to the newspaper.
- China's economy growth should stabilise in the long term due to
strengthening bilateral trade with other countries and increasing domestic
demand, Shenwan Hongyuan Securities added.
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.