China lifts yuan midpoint to one-month high

11.08.2022

China lifted yuan midpoint to a near one-month high against the dollar on Thursday to reflect broad greenback weakness in global markets following slower-than-expected U.S. inflation readings.

The People's Bank of China set the midpoint rate at 6.7324 per dollar prior to market open, 288 pips or 0.43% firmer than the...