PBOC Weakens Yuan to 6.8988 Against Dollar, Weakest Level Since Christmas Eve
Liao Shumin
DATE: May 20 2019
/SOURCE: yicai
PBOC Weakens Yuan to 6.8988 Against Dollar, Weakest Level Since Christmas Eve
(Yicai Global) May 20 -- China's central bank weakened the Chinese yuan against the US dollar by 129 basis points to 6.8988 today, the softest level since Dec. 24, 2018. The central parity rate between the yuan and the greenback is 15 bips stronger than yesterday's closing price.
PBOC Weakens Yuan to 6.8988 Against Dollar, Weakest Level Since Christmas Eve
