China lowers yuan midpoint to 3-week low; CFETS basket index at highest since 2016_老虎社区_美港股上老虎

China lowers yuan midpoint to 3-week low; CFETS basket index at highest since 2016

Reuters2021-07-14

SHANGHAI, July 14 (Reuters) - China's central bank on Wednesday set its official yuan midpoint at a near three-week low, while its value against its major trading partners jumped to the highest since early 2016.

The People's Bank of China (PBOC) set the midpoint at 6.4806 yuan per dollar prior to the market open, 49 pips, weaker than the previous fix of 6.4757. It was the weakest since June 24.

The weaker fixing, however, has pushed China's trade-weighted yuan basket index to 98.45, the highest since March 16, 2016, according to Reuters' calculation based on official data.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Himani Sarkar)

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BINGG
·2021-07-14
Hi
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Soksok
·2021-07-14
Good
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Ak91
·2021-07-14
Pls like
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3a659396
·2021-07-14
Like and comment
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冲冲高
·2021-07-14
Like
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MrMrsBean
·2021-07-14
Plz like and comment. Thanks
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- 冲冲高:
  Ok
  2021-07-14
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Stormdust23
·2021-07-14
hi
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- Soksok:
  Like
  2021-07-14
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ccwak
·2021-07-14
Great
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- Acestars:
  yea
  2021-07-14
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lucas5763
·2021-07-14
[财迷] [财迷] [财迷] [财迷]
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- ccwak:
  This will move the markets
  2021-07-14
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StayHome
·2021-07-14
Will US also lower it’s dollar ?
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- tig2021:
  Is USD linked to any currency?
  2021-07-14
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MinkyHuat
·2021-07-14
Like and comment please
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- hohok:
  ok!
  2021-07-14
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- Vionanana:
  Ok
  2021-07-14
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- MinkyHuat:
  Thanks
  2021-07-14
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lowniu
·2021-07-14
Good!!
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- MinkyHuat:
  Yes
  2021-07-14
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Jerronlyq
·2021-07-14
Good I like
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- MinkyHuat:
  Yup me too
  2021-07-14
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Ashish
·2021-07-14
Pls like..
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- MinkyHuat:
  Yes ok
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