Central USD/RMB Parity Dips 17 bps to 6.9695
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: aastocks
USD/RMB Central Parity Update: The China Foreign Exchange Trade System (CFETS) reported a decrease of 17 basis points in the central parity of USD/RMB, bringing it to 6.9695.
Citi's Pinduoduo Price Target Adjustment: Citi has lowered its price target for Pinduoduo to USD 142, citing anticipated challenges for the company's 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.
