Most Read China sets yuan midpoint at 5-mth high as trade deal signing nears SHANGHAI, Jan 13 (Reuters) – China’s central bank lifted its official yuan midpoint to a more-than-five-month high on Monday, reflecting solid gains in the spot yuan in the previous session amid optimism over Sino-U.S.trade relations.The People’s Bank of China (PBOC) set the midpoint rate at 6.9263 per dollar prior to the market open, 88 pips or 0.13% firmer than the previous fix of 6.9351 and the strongest since Aug.5, 2019.
A U.S.-China Phase 1 trade deal is due to be signed at the White House on Wednesday to ease U.S.President Trump’s 18-month trade war aimed at altering China’s trade and economic practices.But it will leave in place tariffs on about $370 billion worth of Chinese imports per year.(Reporting by Winni Zhou and Andrew Galbraith; Editing by Kim Coghill) 2020-01-13 03:28:14
© 2020 Thomson Reuters.
All rights reserved.Reuters content is the intellectual property of Thomson Reuters or its third party content providers.Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.”Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.Most read yesterday What is RSS? »
Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals.
Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.Currency trading on margin involves high risk, and is not suitable for all investors.
Trading or investing in crypto currencies carries with it potential risks.Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.Crypto currencies are not suitable for all investors.Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite.
Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.Therefore Sharenet doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics.The calculation/derivation may include underlying JSE data.© 2020 SHARENET (PTY) Ltd, Cape Town, South Africa.
