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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 strengthened 0.27% from.........>
CHINA YUAN: The yuan strengthened 0.27% from Thursday to close at 6.2733 against
the U.S. dollar on Friday, according to data from China Foreign Exchange Trade
System.
- PBOC set central parity rate at 6.2881 on Friday, stronger than Thursday's
6.3046.
***Comment: The yuan surged 507 pips against the greenback this week as the
declining prospect of a trade war between the two largest economies led to
short-covering, pushing up the yuan. The neutral stance of Chinese monetary
policy will however prevent a sharp appreciation.
To read the full story
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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.