Categories Finance

The People’s Bank of China has set the CNY at its strongest since November 8 last year

The PBoC rate setting for today, the first day back from holidays, here:

7.1693 is the lowest for USD/CNY (ie strongest for CNY) since November 8 last year.

Earlier I posted on how China is not going to devalue the currency just yet:

China will hold the prospect of devaluation in reserve as a bargaining chip in negotiations ahead.

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Earlier:

This article was written by Eamonn Sheridan at www.forexlive.com.

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