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PBOC sets Yuan midpoint at 6.4757 vs. 6.4626 Wed

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - On Thursday, the Chinese central bank, PBOC, sets USD/CNY midpoint at 6.4757 compared to 6.4626 Wednesday's close, 0.20% stronger on the day and at the highest levels since June 2011.

    The sharp appreciation in the USD/CNY pair can be attributed to the broad based US dollar rally after the Fed raised rates for the first time in more than nine years overnight.
    For more information, read our latest forex news.
     

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