China's central bank changes Yuan's reference rate

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Source: Bloomberg

The People's Bank of China changed Yuan's reference rate. It appreciated by 0.04% to two-week high of CNY 6.3140 per USD on Wednesday, July 18. China's central bank decision took place after Ben S. Bernanke mentioned possible monetary easing in the USA. Non-deliverable one-year forwards gained 0.04% to CNY 6.4123 per USD. Moreover, contracts' trading rate was CNY 6.4150 this morning, July 18, in Hong Kong.

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