PBOC Helps Stabilize CNY, while US Equity Recovery Lifts Sentiment
Marc Chandler
August 08, 2019
Overview: The challenges for investors have not gone away, but a combination of factors has helped stabilize the capital markets. The PBOC set the dollar's reference rate above CNY7.0, but not as high as anticipated, and this has seen the yuan strengthen modestly today. Meanwhile, the strong recovery in the S&P 500 has spilled over and …
PBOC Helps Stabilize CNY, while US Equity Recovery Lifts Sentiment
Reviewed by Marc Chandler
on
August 08, 2019
Rating:
Reviewed by Marc Chandler
on
August 08, 2019
Rating:
