Free Trial

The yuan will continue to see two-way...>

CHINA PRESS
CHINA PRESS: The yuan will continue to see two-way fluctuations in the near
future, reported China Securities Journal on Tuesday. 
  - The yuan closed higher at 6.3070 on Monday, due to more market activities
after the Chinese New Year holiday and the fact that the dollar is adjusting at
a weakening curve. 
  - Though the U.S. dollar will continue be a key factor influencing the yuan
exchange rate, the market broadly believes the dollar does not have enough room
to rise to a large degree. Alongside China's resilient economic fundamentals and
expectations for a stable yuan, this means the yuan will maintain a stable
status.

To read the full story

Close

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.