Day: August 31, 2017

Chinese Yuan Slips, Heads for Best Month Since 2005

The Chinese yuan slipped against the US dollar today after mixed macroeconomic data. Yet the currency was still on track for the best month in more than a decade. The People’s Bank of China set its official yuan midpoint to 6.6010 per dollar, 0.14% firmer than the previous day’s fixing of 6.6102. The currency has gained about 0.8% against the dollar so far this week and around 2% over the month, heading […]