DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Yuan May Weaken on Fed Possible Tightening: News

CHINA PRESS
MNI (Singapore)

The Chinese yuan may weaken against the dollar should the Federal Reserve tightens monetary policy to control inflation, or if the U.S. economy rebounds sharply, the PBOC-run Financial News said in a commentary. The Fed's withdrawal from easing may deflate asset bubbles, cause a sharp adjustment in U.S. asset prices, and trigger risk aversion in the global markets, it said. In turn, funds may flow back to the U.S. and lift the dollar index, the newspaper said. China's exports may also weaken as overseas supply capacity increases, further pressuring the yuan, the newspaper said. Yuan rose above 6.36 against the dollar last week, the highest in more than three years.

Energy BulletsCommodities
Energy BulletsCommodities

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.