Pboc Fixes Yuan At Lowest Level Against Dollar In More Than 5 Years

The People’s Bank of China set its daily yuan-fixing at 6.5693, the weakest level against the greenback since March 2011, as the dollar rose after hints the Federal Reserve may raise interest rates in June.

Topics:  people s bank   china   march   federal reserve   june   yuan   level   dollar   
BING NEWS:
  • Dollar touches new 34-year peak vs yen on US rate outlook
    The U.S. dollar climbed to a fresh 34-year peak against the yen in quiet trading on Monday, with investors taking their cue from the Federal Reserve's higher-for-longer interest rate stance, even as ...
    04/22/2024 - 9:18 am | View Link
  • China’s yuan firms on soft dollar, PBOC support
    SHANGHAI: China’s yuan slightly firmed on Thursday against a softer US dollar as investors stepped back to assess the interest rate outlook, while the central bank vowed to maintain yuan stability.
    04/18/2024 - 12:36 am | View Link
  • China's yuan firms on soft dollar, PBOC support
    China's yuan slightly firmed on Thursday against a softer U.S. dollar as investors stepped back to assess the interest rate outlook, while the central bank vowed to maintain yuan stability. The yuan ...
    04/17/2024 - 7:47 pm | View Link
  • Chinese Yuan Loses Ground Against U.S. Dollar
    The yuan continues a downward trend against the U.S. dollar, said George Khoury, global head of education and research at Credit Financier Invest. "Despite China's announcement of a ...
    04/16/2024 - 12:43 am | View Link
  • PBOC cut Yuan's fixing by 49 pips to 7.1028 per USD on Tue, weakest level since Mar 1
    #PBOC cut #yuan's fixing by 49 pips to 7.1028 per dollar on Tue, weakest level since Mar 1 this year.
    04/15/2024 - 3:13 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News