{"id":138488,"date":"2025-10-16T05:06:29","date_gmt":"2025-10-16T05:06:29","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=138488"},"modified":"2025-10-16T05:06:29","modified_gmt":"2025-10-16T05:06:29","slug":"chinas-central-bank-sets-yuan-at-highest-rate-against-us-dollar-in-a-year","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=138488","title":{"rendered":"China\u2019s central bank sets yuan at highest rate against US dollar in a year"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostChina\u2019s central bank has set the yuan\u2019s daily reference rate against the US dollar at the strongest level in a year, as expectations grow that the US Federal Reserve will cut rates again this month.<br \/>\nOn Thursday, the People\u2019s Bank of China (PBOC) set the yuan\u2019s midpoint rate \u2013 also known as the daily fixing rate \u2013 at 7.0968 per US dollar, its strongest since October last year.<br \/>\nTwo days earlier, US Federal Reserve Chairman Jerome Powell said that America\u2019s labour market and inflation outlooks were&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3329206\/chinas-central-bank-sets-daily-yuan-rate-against-us-dollar-strongest-level-year?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostChina\u2019s central bank has set the yuan\u2019s daily reference rate against the US dollar at the strongest level in a year, as expectations grow&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/138488"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138488"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/138488\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138488"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}