According to CIBC World Market strategists
- “A recovery in Chinese activity and GDP data should underpin and/or restore investor confidence in the Chinese economy”
- “After a period of stability for USD/CNY and USD/CNH, we anticipate a return to modest appreciation of the Chinese currency.”
We’ll get today’s fix in about 45 minutes. The highest fix for the yuan from the PBOC this year was 6.0930, set January 14; the lowest was 6.1710 on set June 3. Yesterday was 6.1622
