30.03.2016 - China's Currency Stronger As U.S. Dollar Falls
China’s yuan strengthened against the dollar midday Tuesday, after China’s central bank fixed a stronger midpoint in response to the greenback’s slip as soft U.S. data dampened expectations for an April Federal Reserve interest rate hike. “This surely further eased the short-term depreciation pressure on the yuan,” a trader at an Asian bank said. “I have to say luck was on our side when the dollar was not faring well.”..............................................Full Article: Source
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