China’s central bank set a stronger-than-expected yuan reference rate

China’s central bank stepped in on Thursday, July 31, to stop the yuan from sliding further after the currency dropped to its weakest point in two months against the U.S. dollar. The People’s Bank of China (PBOC) set its daily yuan reference rate around 7.15 per dollar, its biggest deviation from analyst expectations since late […]

Source: cryptopolitan.com (Read Full Article)