Yuan traded flat after staying on an upward rally and hitting a 28-month high in the previous session, but is expected to continue its upward journey as the probability of Joe Biden winning the Presidential race increases also backed by China's early recovery from the coronavirus pandemic, as well as Beijing's desire to attract more foreign capital.
The onshore Yuan traded a bit softer at 6.6200 while the Offshore NDF, the best available proxy for Yuan’s future value expectations traded at 6.7755
The People's Bank of China set the midpoint rate at 6.629, the strongest level since July 11, 2018.
30 Jul 2021 06:19 PM
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30 Jul 2021 04:12 PM
Indian equity indices ended marginally lower on the first day of the August F&O series.
30 Jul 2021 04:09 PM
Indian rupee versus dollar which ended stronger today. Tap to know
30 Jul 2021 02:51 PM
Check out how European markets are reacting today
30 Jul 2021 02:09 PM
USD/JPY traded slightly higher around 109.50 levels amid worsening covid situation in Japan and rebounding Dollar.
30 Jul 2021 12:59 PM
GBP/USD traded in a narrow range around 1.3935-1.3965 levels as Dollar index rebounds slightly.