PBOC sets USD/ CNY central rate at 6.8040 vs. 6.7891 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.8040 versus 6.7891 Tuesday’s close, the weakest since June-end 2017.

PBOC skipped the Open Market Operations (OMOs) today.

Jul 25, 2018

China to become more flexible on monetary policy - China Press

According to the Securities Journal, a national business paper operated by the state-run Xinhua News Agency, China is set to become more flexible in t

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Jul 25, 2018

Trump tweets a call for free trade with the EU

US President Donald Trump took to Twitter late Tuesday to issue a call for the European Union and the United States to drop all trade barriers and tar

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