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25% tariffs! Today's PBOC USD/CNY reference rate setting just got very interesting!

Eamonn Sheridan
31/07/2018 | 23:04 GMT

The latest from the US administration is chatter of the 10% tariff on Chinese imports going to 25%

ICYMI:

  • US said to plan higher tariff on USD 200bln of imports from China

So, what do you reckon, POBOC to slash the CNY value today in response? Or will It take more than a day to respond?

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