Yuan fix rate set at weakest in 11-1/2 years, still stronger than expected
29 Aug Yuan fix rate set at weakest in 11-1/2 years, still stronger than expected
Posted at 01:46h
in
News
by KMFSLLP
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.
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