Yuan Level

Discussion in 'Forex' started by dealmaker, Oct 30, 2018.

  1. dealmaker

    dealmaker

    Yuan Level

    China today set the weakest official level for the yuan in a decade: a reference rate of 6.9574 yuan to the dollar. It slid further after trading started. However, despite the predictions of U.S. banks, currency traders and government advisors say Beijing is unlikely to allow the currency to slide past the seven-per-dollar mark. Wall Street Journal