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-0.00192960526315782 -0.00163377192982457 -0.00151315789473684 -0.00109649122807018 -0.000537280701754396 -0.00111293859649121 -0.00576754385964911 -0.00395833333333322
Stock impact report

China Sets Yuan Fixing Far Below Forecast to Slow Currency Gains [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
after the People's Bank of China set the daily fixing at 7.0358 per dollar, a level that came in 301 pips weaker than the average estimate in a Bloomberg survey. The gap between the reference ratewhich allows the onshore yuan to trade within a 2% bandand market forecasts was the largest since the survey began in 2018, following the offshore yuan's move past the psychological 7-per-dollar level for the first time since September 2024. The fixing suggests policymakers could be trying to manage the speed of appreciation rather than reverse it, possibly to limit hot-money inflows while still maintaining a broadly firmer currency trajectory. Warning! GuruFocus has detected 9 Warning Signs with GS. Is GS fairly valued? Test your thesis with our free DCF calculator. Zhaopeng Xing, a senior strategist at Australia & New Zealand Banking Group, said the fixing sends a signal that the central bank does not want the yuan to strengthen too quickly, aligning with a recent pledge to prevent th Show less Read more
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