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After the last volatile period of the Yuan, the Chinese currency moves, however, in a narrow range against the dollar. The significant weakening of the daily reference rate by the Chinese central bank (People's Bank of China) earlier this week has no effect.
This has been greatly weakened, as last year and a half ago. "The volume of trade has been significantly reduced with the increasing caution of investors," says one trader. Currently, the yuan is trading at 6.1328 and so close to the reference rate of the previous day at 6.1312. On Friday, the reference rate was fixed at 6.1201.
This has been greatly weakened, as last year and a half ago. "The volume of trade has been significantly reduced with the increasing caution of investors," says one trader. Currently, the yuan is trading at 6.1328 and so close to the reference rate of the previous day at 6.1312. On Friday, the reference rate was fixed at 6.1201.
