USD/RMB Central Parity Increases by 45 bps to 7.0006, Reaching a Two-Year High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: aastocks
USD/RMB Exchange Rate: The central parity of USD/RMB increased by 45 bps to 7.0006, reaching its highest level in over 32 months, as announced by the China Foreign Exchange Trade System (CFETS) on Tuesday.
U.S. Industrial Production: The year-over-year industrial production in the United States for December was reported at 2%, which is a decrease from the previous value of 2.5%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
