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Tag Archives: forex
China Lowers Rates, Fear Trade Retreats
The PBoC lowered their benchmark lending rate by 25 basis points to 6.31% on Thursday. This was the first such rate cut in nearly four years. In addition the deposit… Read more
Yuan to Trade Openly vs. Loonie and Aussie
In another move designed to open up its currency the China Foreign Exchange Trade System (CFETS) confirmed a Reuters report on Thursday that they would be introducing the Yuan to… Read more
