Godlike Productions - Discussion Forum
Users Online Now: 1,816 (Who's On?)Visitors Today: 46,066
Pageviews Today: 117,997Threads Today: 49Posts Today: 1,045
01:28 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

China’s yuan exchange rate: is 6.66 a new sweet spot for the currency against the US dollar?

 
AggregateThreat

User ID: 78092574
United States
10/23/2020 07:09 AM

Report Abusive Post
Report Copyright Violation
China’s yuan exchange rate: is 6.66 a new sweet spot for the currency against the US dollar?
The number 666 may be associated with the beast in the Bible, but it could be a blessing for China’s central bank.
China has struggled for five years to ensure the exchange rate does not fall too far below seven yuan per US dollar, but the currency has gained about 7 per cent against the US dollar in the past six months
, stoking debate among Chinese economists over whether authorities should intervene to slow the rally.

Officially, the People’s Bank of China (PBOC) has quit direct intervention in the yuan exchange rate, leaving it to the market to decide how much it should be priced against the US dollar.

But that has not stopped speculation that Beijing is searching for a new comfort zone for the yuan’s value.

[link to www.scmp.com (secure)]
Anonymous Coward
User ID: 79527564
Morocco
10/23/2020 07:29 AM
Report Abusive Post
Report Copyright Violation
Re: China’s yuan exchange rate: is 6.66 a new sweet spot for the currency against the US dollar?
it's a signal of allegiance





GLP