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PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix
China’s yuan bounced off a more than three-month low against the dollar on Wednesday, lifted by firmer-than-expected official midpoint guidance, pointing to authorities’ growing discomfort over the currency’s recent, rapid depreciation. The yuan has skidded since Donald Trump’s presidential re-election last week. As part of his pitch to boost American manufacturing, Trump has said he will impose tariffs of 60% or more on goods from China. The proposed tariffs, as well as other policies such as tax cuts, are seen as inflationary and likely to keep US interest rates relatively high, buoying the dollar and ... (full story)
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- Nov 13, 2024 8:15am Nov 13, 2024 8:15am
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Rich.C - Joined Nov 2022 | Status: Nothing beats cake | 93 Comments
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- Posted: Nov 13, 2024 3:55am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,856
