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Free AccessTrending Top 5
November 17, 2023 02:09 GMT
PBOC Injects Net CNY149 Bln Fri; Rates Unchanged
November 17, 2023 02:04 GMT
MNI: PBOC Yuan Parity Higher At 7.1728 Friday; -2.35% Y/Y
Market News Topics
May 01, 2020 01:22 GMT
Worth noting that the combination of.....>
CHINA YUAN
CHINA YUAN: Worth noting that the combination of U.S. President Trump's
Sino-U.S. sabre rattling, thinner liquidity on the back of mainland China
holidays and USD strength has USD/CNH trading above CNH7.1000 for the first time
since April 23.
- Wednesday saw our latest sources piece hit, which noted that "the People's
Bank of China appears content with the yuan trading around 7.05 to the U.S.
dollar, a source familiar with the central bank's forex operations told MNI,
explaining that a lower currency will help small-and medium-sized exporters
recover from the Covid-19 shutdown."
- For full story see MNI Main Wire at 13:22 BST 04/30 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
To read the full story
Close
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.
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.
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