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Economic growth in East Asia and Pacific (EAP) reached 5.1% in 2023, higher than other emerging markets and developing economies, despite high inflation, high interest rates, and ...
Equities: US stocks closed higher with the S&P 500 Index cresting past a one-month high, spurred by a deceleration in the labor market and dovish remarks from Fed President Mary ...
post: CHINA SETS YUAN MIDPOINT AT 7.4011 PER DOLLAR, COMPARED TO LAST CLOSE OF 7.2212PBOC sets USD/ CNY central rate at 7.1011 (vs. estimate at 7.2102) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2212. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%.
The U.S. remained as China's third largest trade partner in the first four months this year, with the total trade volume between the two countries rising by 1.1 percent ...
Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...