China lifts Yuan midpoint to 2-month highs, as trade tensions look to ease

Reuters is out with further insights into the Yuan fix today, with the key headlines found below.

“PBOC lifted its official Yuan midpoint by the most in more than two months, to 6.9371/ USD, after signs of easing tensions between the world’s two largest economies.

The move in Friday’s official guidance rate was the biggest one-day strengthening in percentage terms since Aug. 28.

And the guidance rate was 31 pips firmer than Reuters’ estimate of 6.9402 per dollar.”