CNY Softens after PBOC's Move; Equities Advance on Stronger World Outlook
Marc Chandler
June 01, 2021
Overview: The US dollar fell against most major currencies following the PBOC's modest move to reduce the upward pressure on the yuan. Follow-through selling was seen earlier today, and sterling reached a new three-year high. However, the dollar found a bid in the European morning, while the Scandi currencies held on to most of their earlie…
CNY Softens after PBOC's Move; Equities Advance on Stronger World Outlook
Reviewed by Marc Chandler
on
June 01, 2021
Rating:
Reviewed by Marc Chandler
on
June 01, 2021
Rating:
