MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Yuan Fix Matches Expectations, China Pledges Support For Economy

CNH

Spot USD/CNH operates at CNH6.3748, up 37 pips on the day, with greenback strength driving the uptick. A break above Mar 18 high of CNH6.3810 would turn bullish focus to the 200-DMA, which intersects at CNH6.4108, coinciding with the high print of Mar 15. Bears eye Mar 16 low of CNH6.3529 for initial support.

  • The PBOC set the mid-point of the permitted USD/CNY trading band at CNY6.3664, virtually in line with expectations.
  • China doubled down on its pledges to support domestic economy and financial markets. The readout from yesterday's State Council meeting noted that the authorities backed "increase the support of the prudent monetary policy to the real economy" and promote a stable pace of credit expansion.
  • Focus in China turns to final Q4 BoP current account balance, due this coming Friday. Looking further afield, February industrial profits will hit the wires on Sunday.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.