Sentences with phrase «yuan midpoint»
The People's Bank of China (PBOC) set the yuan midpoint rate at 6.5646 per dollar, 0.5 % weaker than the previous day's fix.
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China's yuan is forecast to weaken just 2 percent this year as the central bank lowers its midpoint fixings and the dollar rises in anticipation of higher interest rates in the United States.
The People's Bank of China (PBOC) has set a slew of strong daily trading midpoints for the yuan, increased how frequently it has state banks sell dollars to support the currency and has conducted rare intervention in derivative markets.