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China's yuan weakens on COVID-19 outbreaks in Fujian, disappointing data leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Article content Traders and analysts said the official midpoint came in much weaker than their projections, and it was 54 pips softer than Reuters’ estimate of 6.4708 per dollar. Some market participants speculated that the much weakened guidance could curb the fast gains in yuan’s value against a basket of currencies. The basket index has persistently hovered around the 98 level and is not far from its three-year high. per dollar and was changing hands at 6.4716 at midday, 72 pips firmer than the previous late session close. Despite the weaker midpoint, the yuan gained support from signs of tightness in the interbank markets, according to ....
China set to keep lending benchmark LPR unchanged for 13th straight month reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China set to keep lending benchmark LPR unchanged for 13th straight month reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.