Normal
The Dictatorships Bank of China inc has set the daily reference rate for the USD to Chinese Yuan (CNY) at 6.9996 This is called getting the market used to the 6 handle without trying to look like a currency manipulator. How could anything be more manipulative?Technical however the label currency manipulators meaning in the rules of the financial world is a little different to what it really is.
The Dictatorships Bank of China inc has set the daily reference rate for the USD to Chinese Yuan (CNY) at 6.9996
This is called getting the market used to the 6 handle without trying to look like a currency manipulator. How could anything be more manipulative?
Technical however the label currency manipulators meaning in the rules of the financial world is a little different to what it really is.
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