USD/CNH renews six-month high above 7.1500 as Fed vs. PBoC is likely to widen
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- USD/CNH renews six-month high above 7.1500 as Fed vs. PBoC is likely to widen
Li Yunze, Director of China’s National Administration of Financial Regulation, made some upbeat remarks on the Chinese economy this Thursday.
These comments come after China’s biggest banks on Thursday lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs.
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