Onshore yuan trades at its weakest against dollar since November last year ...Middle East

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Onshore yuan trades at its weakest against dollar since November last year
source : forex live ( Middle East ) () 22
In the wake of the Chinese rate cut onshore yuan is falling. Its hit its lowest (highest for USD/CNY) since November 20 2023:PBOC Rate CUT ___ (LPR): 1-year 3.45% (prior 3.45%) 5-year 3.95% (prior 4.20%)China's largest ever cut to its benchmark reference rate for mortgages This article was written by Eamonn Sheridan at www.forexlive.com.

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