Today's PBOC USD/CNY fix was highest since April 2011

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Today's PBOC USD/CNY mid-point at 6.5314 vs yesterday's fix of 6.5169 and close at 6.5157, was the highest reference rate since April 2011.

    The constant devaluation of the Yuan by the Chinese Central Bank continues to show how desperate China is to regain market share on its exports industry after having suffered from a strong Yuan in recent years.
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