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CHINA YUAN
CHINA YUAN: Worth noting that the combination of U.S. President Trump's
Sino-U.S. sabre rattling, thinner liquidity on the back of mainland China
holidays and USD strength has USD/CNH trading above CNH7.1000 for the first time
since April 23.
- Wednesday saw our latest sources piece hit, which noted that "the People's
Bank of China appears content with the yuan trading around 7.05 to the U.S.
dollar, a source familiar with the central bank's forex operations told MNI,
explaining that a lower currency will help small-and medium-sized exporters
recover from the Covid-19 shutdown."
- For full story see MNI Main Wire at 13:22 BST 04/30 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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