| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
China's central bank fixes yuan at 2011 low against dollar
Tuesday, May 24, 2016 20:33
% of readers think this story is Fact. Add your two cents.
China's central bank set the fixing of the yuan at a five-year low against the dollar on Wednesday, as the greenback continues to strengthen on expectations of an imminent increase in interest rates by the Federal Reserve.
The People's Bank of China (PBOC) set the dollar/yuan reference rate at 6.5693, against Tuesday's fixing of 6.5468. The fixing was the weakest for the yuan since 2011.
China's central bank lets the yuan spot rate rise or fall a maximum of 2 percent against the dollar, relative to the official fixing rate …. http://www.cnbc.com
Source: http://luismmx.blogspot.com/2016/05/chinas-central-bank-fixes-yuan-at-2011.html
