Print this page

@Forex - PBOC Sets Yuan Parity At 6.6369 Against Dollar, Weakest Since Aug. 25(29/09/2560)

29 Sep 2017
72 times

Investing.com - The People's Bank of China set the yuan mid-point at 6.6369 against the dollar on Friday, compared to the previous close of 6.6570, the weakest since Aug. 25. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate. Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term. Source: investing.com (28/09/2017)

Rate this item
(0 votes)
Sujin

Latest from Sujin