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New yuan daily fixing achieves expected result – China CFETS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The latest headlines from the China Foreign Exchange Trade System (CFETS), a sub-institutional organization of People's Bank of China (PBOC), crossing the wires via MNI are as under:

    New yuan daily fixing achieves expected result

    Yuan fixing weaker than previous close on stronger USD

    Yuan move vs USD basically inline with other currencies

    Yuan has remained basically stable against basket
    For more information, read our latest forex news.

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