China sets yuan midpoint firmer than key 7/dlr for first time in 3 months
China’s central bank lifted on
Friday its official yuan midpoint to the highest level in over
three months, breaching a key threshold, to reflect market
optimism after Beijing and Washington agreed to roll back
tariffs on each other’s goods if they reach a preliminary trade
deal.
Friday its official yuan midpoint to the highest level in over
three months, breaching a key threshold, to reflect market
optimism after Beijing and Washington agreed to roll back
tariffs on each other’s goods if they reach a preliminary trade
deal.
Posted by Reuters
