China sets yuan mid-point at 1-1/2-mth low after Fed rate cut
China’s central bank lowered its
official yuan midpoint to the weakest level in 1-1/2 months on
Thursday, reflecting an unexpectedly bounce in the greenback
following the U.S. Federal Reserve’s decision to cut its
benchmark rate.
official yuan midpoint to the weakest level in 1-1/2 months on
Thursday, reflecting an unexpectedly bounce in the greenback
following the U.S. Federal Reserve’s decision to cut its
benchmark rate.
Posted by Reuters