Central USD/RMB Parity Increases by 67 Basis Points to 6.9523
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
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Should l Buy ?
Source: aastocks
USD/RMB Central Parity Update: The China Foreign Exchange Trade System (CFETS) reported an increase of 67 basis points in the central parity of USD/RMB, bringing it to 6.9523.
Citi's Recommendation on Alphabet: Citi has reiterated a "Buy" rating on Alphabet, raising the target price to USD 390, citing accelerated growth in its search and cloud business.
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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.
