China's central bank lifted its official yuan midpoint to a new four-month high on Thursday, breaching the psychologically important 6.4 per dollar level for first time since June.
China's central bank set its official yuan midpoint slightly higher on Thursday, lifting its value against the currencies of its major trading partners to a fresh 5-1/2-year high.
China's central bank lifted its official yuan midpoint to a new three-year high against the dollar on Monday, with its trade-weighted basket index touching the loftiest level since 2016.
By Reuters Staff
1 Min Read
SHANGHAI/BEIJING, May 25 (Reuters) - China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four sources with knowledge of the matter said, in a move viewed as an effort to curb fast yuan appreciation to breach the key level. (Reporting by Winni Zhou, Jindong Zhang, Xiao Han, Rong Ma and Andrew Galbraith; Editing by Andrew Heavens)
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