The PBoC charge setting for right this moment, the primary day again from holidays, right here:
PBOC units USD/ CNY reference charge for right this moment at 7.1693 (vs. estimate at 7.2661)
7.1693 is the bottom for USD/CNY (ie strongest for CNY) since November 8 final 12 months.
Earlier I posted on how China isn’t going to devalue the foreign money simply but:
Wall Road Journal studies China guarantees to not devalue the yuan
China will maintain the prospect of devaluation in reserve as a bargaining chip in negotiations forward.
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Earlier:
China proclaims counter-tariffs towards Trump’s commerce moveslevies of 15% for US coal and LNG, 10% for crude oil, farm tools and a few autosChina anti-monopoly regulator launches investigation into GoogleWSJ: Pres Trump and China Pres. Xi will not be talking todayMore on Goldman Sachs – China retaliatory measures to have restricted affect on vitality costs
This text was written by Eamonn Sheridan at www.forexlive.com.
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