“Revolutionizing Fixes: Unveiling the 6.8987 Solution that Outshines the Outdated 6.8731 Method”
In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.8987, representing a significant shift when compared to the previous fix of 6.8731 and the prior close of 6.8851. China is known for maintaining strict control of the yuan’s rate on the mainland. This has led the onshore yuan (CNY) to […]
“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 […]