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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessYuan Hugs Narrow Range
Offshore yuan is hugging a tight range, USD/CNH last up 4 pips at 6.3877. The PBOC fix came in broadly in-line with sell side estimates.
- Data late yesterday showed China's foreign reserves rose to $3.2218tn in May from $3.198tn in April, the second month of increase. Following the release the weakness in the USD during the period was adduced as pushing up the value of other currency holdings, while the yuan's 1.6% increase against the greenback in May resulted in official measures to curb the appreciation, with speculation of shadow measures (i.e. state banks selling yuan) also rife.
- Elsewhere a former SAFE official advocated the swift introduction of yuan futures trading to improve hedging. Guan Tao said it would help investors and businesses "better manage FX risk while improving the efficiency of supervision."
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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.