China's Yuan Reference Rate Against USD Set at 6.7873, Up 5 Pips
Deep News
Aug 17
On August 17, the People's Bank of China set the central parity rate of the yuan against the US dollar at 6.7873, marking an increase of 5 pips.
According to the CME Group's "FedWatch" tool, the probability of the Federal Reserve keeping interest rates unchanged at its September meeting stands at 66.9%, while the probability of a 25-basis-point rate hike is 33.1%.
Looking ahead to the October meeting, the probability of the Fed maintaining the current rate is 53.6%, with a 39.8% chance of a 25-basis-point increase and a 6.6% probability of a 50-basis-point hike.
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