PBoC may let yuan slide past key threshold of 7 per dollar ...Qatar

Gulf Times - News
PBoC may let yuan slide past key threshold of 7 per dollar
The yuan is set to slide past 7 per dollar with scarcely a murmur as a range of metrics show the currency would still be relatively expensive against its non-dollar peers, analysts say. The authorities will allow the currency to weaken past that key psychological barrier and merely seek to prevent a rapid decline that may cascade into a disorderly selloff, according to Societe Generale SA and Barclays Plc, among others. The 7 threshold has far less significance in a world where the dollar is rallying against everything. While the yuan has tumbled about 8% versus the greenback this year, it has strengthened against the currencies of major China’s export rivals such as Japan and South Korea

Hence then, the article about pboc may let yuan slide past key threshold of 7 per dollar was published today ( ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( PBoC may let yuan slide past key threshold of 7 per dollar )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News