Chinese Yuan Mixed As Market Weighs PBOC’s Overhaul to Interest Rates

Mar 22,2019 18:20   Source:Earnforex
The Chinese yuan is mixed at the end of the trading week as the market weighs the People’s Bank of China (PBOC)’s long-postponed measure to overhaul interest rates. Investors might also be anxious over new data that found soaring debt levels and rising unemployment in the world’s second-largest economy could threaten stimulus initiatives. Other reports suggest the US wants Beijing to “double or triple” its offer to purchase American goods has not […]

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