(Reuters) - The yuan hit its fourth consecutive post-revaluation high against the dollar on Tuesday as Chinese vice premier Wu Yi prepared for key trade talks in Washington, but dealers held to expectations the currency will appreciate only gradually over the long term.
The central bank set the yuan's mid-point at a much higher 7.6551 before the opening on Tuesday, up from 7.6652 on Monday, when the bank widened the yuan's daily trading band to 0.5 percent on either side of the mid-point, up from 0.3 percent.
Read more at Reuters Africa
The central bank set the yuan's mid-point at a much higher 7.6551 before the opening on Tuesday, up from 7.6652 on Monday, when the bank widened the yuan's daily trading band to 0.5 percent on either side of the mid-point, up from 0.3 percent.
Read more at Reuters Africa
No comments:
Post a Comment