The PBOC has so far gone along with yuan strengthening, but are not keen on a runaway pace of gains. The bidding by State banks rumoured is said to be an intervention effort.
The price has tested towards 6.4 earlier in the session and has bounced, but not by a lot. Offshore yuan chart:
Most Popular
Sponsored
EDMP adds Sonoco (SON) at $2.77M. SON yields 4.2%, P/E 7.78, but lags S&P 500.
China's RatingDog manufacturing PMI rose to 52.2 in April from 50.8 in March, the strongest reading since late 2020, beating the 51.0 forecast, as output and new orders surged and input costs hit a four-year high.
Meta's stock dips despite revenue jump; AI spending forecast to $145B raises valuation concerns.
Qualcomm jumps 13% on AI phone rumors; Microsoft & OpenAI ink new AI partnership terms.
IJJ boasts 44.9% 1-yr return, lower fees & less drawdown than IWN. Profitable mid-caps vs. boom/bust small-caps.
NZ business confidence crashes to -10.6 in April as cost shock rattles outlook - more
Amazon & Meta lobby India's UPI body over PhonePe/Google Pay's 80% market share dominance.
Sponsored
Must Read
