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FAST FIVE: China Sends A Message With Weakest Yuan Fixing Relative To Expectations In Over A Month

January 14, 2022
Source: nwostop.com nwostop.com
News Snapshot:
FAST FIVE: China Sends A Message With Weakest Yuan Fixing Relative To Expectations In Over A Month But for China, which is now in easing mode, and is increasingly concerned what rate differential will do to the Chinese economy once the Fed begins tightening, the drop in the dollar appears to not be nearly enough and on Thursday, the Chinese central bank set the yuan's reference rate at the weakest relative to expectations in a month. The PBOC set the daily reference rate at yuan fixing at 6.3542 per dollar, which as shown below was 60 pips weaker-than the average...
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Tags: ASIA | bank | China | Chinese | currency | discount | Dollar | Economy | IT | Lunar New Year | PBOC | Renminbi | research | Singapore | trade | Yuan

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