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Yuan holds steady as PBOC eases guidance, dollar firms

HONG KONG: China’s yuan was little changed against the dollar on Wednesday after the central bank set a weaker daily midpoint, with bolstered expectations of further US rate hikes capping its strength and supporting the greenback. The onshore yuan last traded 0.09% higher at 6.6746 to the dollar. Its offshore counterpart traded at 6.6736 per dollar, up about 0.04% in Asian trade. Prior to the…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    Yuan holds steady as PBOC eases guidance, dollar firms (opens Business Recorder in a new tab)

    HONG KONG: China’s yuan was little changed against the dollar on Wednesday after the central bank set a weaker daily midpoint, with bolstered expectations of further US rate hikes capping its strength and supporting the greenback. The onshore yuan last traded…

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