A day earlier, the Chinese central bank fixed the midpoint at of 7.2046, versus Reuters’ estimate of 7.3047.

The yuan midpoint is a reference point for trading, and caps the range between +2% and -2%. That means the yuan, also referred to locally as the renminbi (RMB), is allowed to trade 2% above or below the fixing rate each trading day.

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *