Fx news today \u5669\u4e3f\u8cf5\u8cf1
You're looking for the latest FX news from China! 🇨🇳
Here are some of the top FX news stories from China today:
CNY/USD:
- The Chinese yuan (CNY) weakened against the US dollar (USD) today, with the CNY/USD exchange rate reaching 6.93, a 0.2% decline from yesterday's close.
- The People's Bank of China (PBOC) set the daily midpoint rate at 6.9235, slightly weaker than expected.
FX Reserves:
- China's foreign exchange reserves fell to $3.22 trillion in February, a 1.4% decline from January, according to data released by the PBOC.
- The decline was attributed to a combination of factors, including a weaker yuan and a decline in foreign investment in China.
Trade War:
- The US and China are set to resume trade talks next week, with the US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He expected to meet in Washington.
- The talks are seen as a crucial step in resolving the ongoing trade dispute between the two countries.
Economic Data:
- China's industrial production growth slowed to 5.3% in February, down from 5.7% in January, according to data released by the National Bureau of Statistics.
- The country's retail sales growth also slowed to 8.2% in February, down from 8.5% in January.
These are just some of the top FX news stories from China today. If you're looking for more information or want to stay up-to-date on the latest market developments, feel free to ask! 😊