“Battle of the Decimals: 6.8847 vs 6.8853 – Which Estimate Will Emerge Victorious?”
In recent trading, the People’s Bank of China (PBOC) set the yuan at 6.8847, slightly below an estimation of 6.8853 and lower than its last close of 6.8947. As China’s financial capital, the PBOC keeps a strict control on the yuan’s rate within mainland China. The onshore yuan (CNY) differs from the offshore yuan (CNH) in terms of […]