China lifts yuan midpoint guidance for first time in seven days to reflect dollar weakness
SHANGHAI, April 11 (Reuters) - China lifted on Friday its official yuan midpoint guidance fix for the first time in seven days, to reflect broad dollar weakness in global markets.
Prior to the market open, the People's Bank of China (PBOC) set the rate CNY=PBOC, around which the yuan is allowed to trade in a 2% band, at 7.2087 per dollar.
That was 5 pips firmer than the previous fix and 1,017 pips firmer than a Reuters' estimate CNY=RTRS of 7.3104.
The PBOC has slightly loosened its grip on the currency this week by allowing official guidance to weaken past the key threshold of 7.2 to the dollar, although it came in much stronger than market projections, in what traders and analysts interpreted as an official attempt to keep the yuan steady.
In overseas markets, the dollar fell against its major peers as markets digested President Donald Trump's dramatic reversal on tariffs.
Related Articles
Warren Buffett Q2 2025 13F Analysis: Betting on UnitedHealth Again After 14 Years
TradingKey - In Q2 2025, the value of Berkshire Hathaway’s investment portfolio declined from $259.8 billion in Q1 to $257.5 billion, a decrease of 0.89%. Analysis indicates that this drop is primarily driven by a net capital outflow of 0.78%. The outflow may be linked to changing market conditions
Applied Materials Q3 Earnings: AI Demand Soars, but Cautious Guidance Triggers After-Hours Selloff
TradingKey - Applied Materials, Inc. (NASDAQ: AMAT) announced its Q3 FY2025 earnings on August 14, 2025, after market close, reporting strong revenue fueled by AI-related semiconductor demand, which beat expectations. However, cautious Q4 guidance, including EPS below analyst estimates.jpg)
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
U.S. July CPI Commentary: Obstacles Cleared, Where Will U.S. Stocks Go Next?
TradingKey - On 12 August 2025, the United States released its Consumer Price Index (CPI) data for July. In terms of headline inflation, the CPI rose by 2.7% year-on-year in the month, slightly lower than the expected 2.8%. However, core CPI climbed 3.1% year-on-year, edging past the projected 3.0%.
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
