“Unprecedented Results: 6.8731 Defeats Former Record of 6.8814 in Competitive Breakthrough!”
In recent trade, the People’s Bank of China (PBOC) set the yuan at 6.8731 vs the previous fix of 6.8814 and the prior close of 6.8766. The PBOC maintains strict control of the yuan’s rate on the mainland by setting a so-called daily midpoint fix; this move is based on the yuan’s previous day’s closing […]
“6.8814 vs. 6.8828: An Epic Showdown Between Two Astoundingly Close Estimates!”
The People’s Bank of China (PBOC) surprisingly set the value of the Yuan at 6.8814 on Monday, unexpectedly strengthening the currency. This comes amidst speculation that China’s USD policy might not remain passive, as the new US administrations continue to drop hints about the possibility of implementing trade policies that could cause tension between the […]