PBOC Sets Yuan Parity At 6.6162 Dollar
Investing.com - The People's Bank of China set the yuan parity rate against the dollar at 6.6162 on Tuesday, compared to the previous close of 6.6185.
The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate.
Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term.
Related Articles
Forex - PBOC Sets Yuan Parity At 6.6162 Dollar
Forex - Aussie Dips As Housing Data, NAB Sentiment Views Disappoint
Forex - Aussie Gains Ahead Of Housing, Sentiment Views In Cautious Markets
Terms and Privacy Policy