Yuan fix rate set at weakest in 11-1/2 years, still stronger than expected
China’s central bank set its
official yuan midpoint at its weakest in 11-1/2 years on Friday,
though for a fourth straight day it was stronger than the market
had expected, signalling the central bank’s intention to slow
the Chinese currency’s decline.
official yuan midpoint at its weakest in 11-1/2 years on Friday,
though for a fourth straight day it was stronger than the market
had expected, signalling the central bank’s intention to slow
the Chinese currency’s decline.
Posted by Reuters
