Good Articles to Share
China sets yuan mid-point at lowest in 4 months
SHANGHAI (May 14): China's central bank lowered its official yuan midpoint to 6.8365 per dollar on Tuesday, the weakest level in more than four months, following a fresh escalation in the Sino-U.S. trade war.
Tuesday's midpoint was 411 pips, or 0.6 percent, weaker than the previous fix of 6.7954 and was the softest since Jan. 8.
The move in the official guidance rate was the biggest one-day weakening in percentage terms since Feb. 11.
However, traders said Tuesday's official fixing came in much higher than market expectations, as it did in the previous two sessions. The midpoint was 199 pips firmer than Reuters' estimate of 6.8564.
China's yuan on Monday weakened to a four-month low, wiping out all of this year's gains.
- Reuters
More articles on Good Articles to Share
Glamping at Singapore’s Lazarus Island for a quick, relaxing break from the city
Created by Tan KW | Aug 17, 2024
We need Republicans that can win not just a primary, but also a general election: Sen. Daines
Created by Tan KW | Aug 17, 2024
How sustainable is it for Singapore hawkers to offer budget meals? | Deep Dive podcast
Created by Tan KW | Aug 17, 2024
What is it like to stay in Hoshinoya Tokyo, a luxury hotel inspired by a ryokan
Created by Tan KW | Aug 17, 2024
Hong Kong noodle masters explain iconic pairings in Cantonese cuisine
Created by Tan KW | Aug 17, 2024
Hong Kong noodle masters explain iconic pairings in Cantonese cuisine
Created by Tan KW | Aug 17, 2024
Wounded and grieving, Rohingya flee deadly attacks in Myanmar | REUTERS
Created by Tan KW | Aug 17, 2024
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
Latest Videos
.png)
.png)
Apps
Top Articles
1
2
save malaysia!
3
save malaysia!
4
5
Good Articles to Share
6
Good Articles to Share
7
The Alpha Trader
KINERGY ADVANCEMENT BERHAD) (0193) - A CAPITULATION TRADE SETUP
8
https://dividendguy67.blogspot.com
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
Yuan should be at 8 to 9 for one USD.
Better still is at 10.
Trillion dollar Treasury Bonds yield 25% return.
Moreover, any foreign capitals want to exit must pay toll...........
2019-05-14 12:11