Views Article – Sharenet Wealth

Asia, Forex

China sets yuan mid-point at strongest in six months

SHANGHAI/HONG KONG, Jan 20 (Reuters) – The People’s Bank of China set the onshore yuan mid-point guidance rate at its strongest level since July 19, 2019.

The Chinese currency climbed to six-month highs against the dollar last week amid signs of resilience in the economy and optimism over a newly signed U.S.-China Phase 1 trade agreement.

(Reporting by Winni Zhou and Noah Sin; Editing by Kim Coghill)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )