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Central bank measures boost Yuan, while Euro weakens on cautious tone and growth concerns

1 min read
Source: Reuters
Central bank measures boost Yuan, while Euro weakens on cautious tone and growth concerns
Photo: Reuters
TL;DR Summary

The Chinese yuan reached its strongest level against the US dollar in 2-1/2 weeks after the People's Bank of China announced measures to support the struggling property sector, including allowing existing mortgage rates to be lowered starting from September 25. The dollar dropped by as much as 0.4% against the onshore yuan, reaching its lowest level since August 14.

Topics:business#central-bank#dollar#finance#mortgage-measures#property-sector#yuan
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  1. Yuan hits strongest in 2-1/2 weeks after central bank mortgage measures  Reuters
  2. Euro slips as ECB policymaker takes cautious tone  CNBC
  3. Euro falls as ECB hike bets take hit on inflation, policymaker comments By Reuters  Investing.com
  4. Euro zone growth risks materialising, warranting ECB caution: Centeno  Reuters
  5. ECB's Schnabel Sees Worsened Growth Outlook But Prices Stubborn  Bloomberg
  6. View Full Coverage on Google News

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