Archive · Business Recorder
China's yuan climbs to fresh 4-year high, global central bank meetings in focus
SHANGHAI: China’s yuan extended gains to reach its highest level in more than four years against the dollar on Thursday, underpinned by broad greenback weakness overnight, as investors re-assessed the US interest rate outlook amid renewed oil-driven inflation concerns. Attention is now turning to a series of major central bank meetings next week, with the Federal Reserve, the Bank of Japan and the European Central Bank all expected to leave rates unchanged while maintaining a hawkish stance. Prior to the market opening, the People’s Bank of China (PBOC) set the midpoint rate at 6.7195 per doll...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →