Edition: English Asia Pacific Africa Europe | Español Français العربية Pусский | 中文简体 中文繁体
Homepage > Biz Video

Yuan's midpoint rate weakens against USD

CCTV.com

01-29-2015 16:56 BJT

China's yuan eased on Thursday following a weaker midpoint, hovering a just few pips shy from the lower edge of the daily trading limit.

The central bank set the midpoint rate 53 pips lower against the USD. The yuan opened Thursday trade at 6.2531...that's just a whisker away from the lower 2-percent trading band.

Analysts say setting a weaker midpoint rate reflects the PBoC's intentions to stabilize the yuan. The currency hit its lowest point against the U.S. dollar in nearly eight months on Monday off the back of a strong U.S. dollar.

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat

We Recommend

  • World Heritage China Part 29
  • Glamorous Indonesia Part 2
  • Along the Coast Part 41
  • Glamorous Indonesia Part 1
  • Dreams and the business reality
  • Philippines' beauty pageant obsession
  • China's love for basketball
  • Box office online
  • Jixi: Land of luminaries II