A post by @FirstSquawk on X.
China's Central Bank Fixes Yuan At Its Highest Reference Rate Since November 3
@FirstSquawk on X
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China’s central bank set the yuan’s daily reference rate at its strongest level since November 3, signaling a firmer official stance on the currency. The move matters because the fixing guides onshore trading and shapes expectations for how Beijing wants the yuan to trade against the dollar. Traders will watch whether the stronger fix is sustained in coming sessions and whether it carries through to onshore spot pricing and capital-flow sentiment.
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Named in this story
People's Bank of China, Chinese yuan