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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    China's central bank sets the reference price of the yuan better than expected

    Rocky
    Rocky
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    China's central bank sets the reference price of the yuan better than expected Empty China's central bank sets the reference price of the yuan better than expected

    Post by Rocky Tue 13 Aug 2019, 6:41 am

    China's central bank sets the reference price of the yuan better than expected
    China's central bank sets the reference price of the yuan better than expected 640

     13 August 2019 12:23 PM
    Direct : China's central bank set the benchmark price of the yuan at a weaker level of 7 yuan per dollar for the fourth consecutive day, but better than analysts' estimates.
    On Tuesday, the People's Bank of China set the benchmark currency rate at 7.0326 yuan per dollar.
    Analysts had expected the central bank to set the benchmark exchange rate at 7.0421 percent per dollar.
    The dollar broke the 7-yuan barrier last week for the first time in 10 years, amid rising trade tensions between Washington and Beijing, prompting the US Treasury to formally accuse China of manipulating its currency.
    The People's Bank of China allows its local currency to move up and down in a maximum of 2 percent of the reference price.
    By 9:15 am GMT, the yuan was down against the dollar by about 0.1 percent at 7.0672 yuan.


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