China Fixes its Yuan Midpoint at 7.0326 Per Dollar

chinese currency

It was the fourth consecutive session where the People’s Bank of China fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark. Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates.

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China Fixes its Yuan Midpoint at 7.0326 Per Dollar via @MasterMindUpdate