USD/RMB Central Parity Increases by 93 bps to 6.9678, Reaching Highest Level Since May 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: aastocks
USD/RMB Exchange Rate: The central parity of USD/RMB increased by 93 basis points to 6.9678, marking the highest level since May 16, 2023.
Citi's Pinduoduo Forecast: Citi has reduced its target price for Pinduoduo to USD 142, citing anticipated challenges for its operations in China.
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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.
