China Sets Yuan Fixing At 6.9683 Per Dollar

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  • On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683 per dollar • A Reuters estimate had expected a weaker midpoint of 6.9736 • The fixing today is weaker than the 6.9225 parity level from Monday morning — and it’s the weakest since May 20, 2008 • In Monday’s Asian afternoon trading hours, the onshore currency changed hands at 7.0304 against the dollar, while the offshore yuan traded at 7.0807 against the greenback • Email Now To Access Our Next Offshore Chinese Yuan Algo Trade Alert: inquiries@ppchk.net

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