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China Securities Daily cite analysts - yuan downside is limited with recovering economy

This report today is echoing the same from last week: with gradual recovery of the broad economy, there can be a little more confidence and calm with the yuan exchange rateThe PBoC is set to weaken onshore yuan again today (not as much as this headline implies, but the direction is lower for the CNy):PBOC is expected to set the USD/CNY reference rate at 7.3437 – Reuters estimateOffshore yuan update: This article was written by Eamonn Sheridan at www.forexlive.com...
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Posted: Sep 11 2023, 01:02
Author Name: forexlive
Views: 091345