Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
CHINA PRESS: The yuan may lose its strength and trade about 6.6 against the
dollar, Sheng Songcheng, the People's Bank of China's former statistics chief,
said Saturday at a conference in Shanghai. The Chinese currency closed on Friday
at 6.4851, according to MNI data. The yuan had recently been boosted by the
widening gap between China's market rates and the U.S. Federal Reserve's
benchmark interests rate, by the market's betting on the yuan's appreciation and
on the weakening U.S. dollar index, Sheng argued. The Central Economic Working
Conference last month, attended by China's top decision-makers, emphasized
controlling money supply and maintaining a "reasonable and balanced" yuan
exchange rate, which has also impacted the market, Sheng noted. Sharp movements
in either direction won't benefit the Chinese economy, Sheng said. (Shanghai