China’s yuan inched up in early trade today, despite the central bank setting its official midpoint past the key seven to the dollar threshold for the first time since global financial crisis. The People's Bank of China (PBOC) …
The People’s Bank of China weakened its yuan fix further this morning, down 122 pips to 6.6594 per dollar, the lowest since December 2010. The offshore yuan fell another 0.1% to 6.6818. According to many experts, the Chinese …
The People's Bank of China (PBOC) conducted 95 billion yuan ($14.5 billion) in seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them in the future. …
The People's Bank of China lowered the yuan official rate by 225 pips to 6.5693 yuan per dollar, fixing it to the lowest since March 2011. Earlier, the State Council of China and the People's Bank of China expressed …
