Chinese Yuan Rallies Against US Dollar, Forcing BRICS Nation’s Central Bank To Abruptly Buy USD: Report – The Daily Hodl
The Chinese yuan is rising against the US dollar, prompting the nation’s central bank to purchase USD. The yuan rose 0.2% against USD earlier this week to 6.9964 yuan per US dollar, forcing the People’s Bank of China to take action, reports Bloomberg. Sources familiar with the matter who wish to remain anonymous say that...
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