China's official midpoint reference for the yuan was set at 7.0268 per the U.S. dollar on Thursday — stronger than Wednesday's fixing, but it was weaker than what analysts had forecast.
China's official midpoint reference for the yuan was set at 7.0268 per the U.S. dollar on Thursday.
Analysts were predicting the midpoint to be set at 7.0236 per dollar, according to Reuters estimates. It was the sixth consecutive session where the People's Bank of China fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark. A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China's eastern Jiangsu province on August 6, 2019.official midpoint reference for the yuan was set at 7.0268 per the U.S. dollar on Thursday — stronger than Wednesday's fixing, but it was weaker than what analysts had forecast.
Analysts were predicting the midpoint to be set at 7.0236 per dollar, according to Reuters estimates. fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark.
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