PBoC: New Midpoint Fixing is the supply and demand of the FX market better reflect

FXStreet — The Central Bank of China (PBoC) issued an official Statement that it plans bring a Yuan mid-point Fixing.

Important Points:

The Change to a Yuan Midpoint Fixing is help the Forex market to focus more on the fundamentals can

The new Midpoint Fixing is showing supply and demand in the FX market to better reflect Changes to the Currency Basket

** FXStreet News Editorial, FXStreet**

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