“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 […]
“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 […]