China's Loosening Grip on Yuan Allows Currency to Test a Key Milestone [Yahoo! Finance]
Nomura Holdings Inc ADR American Depositary Shares (NMR)
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Source: Yahoo! Finance
(Bloomberg) -- China's second attempt in a month to loosen its grip on the yuan is opening up the door for the currency to test a psychological milestone that hasn't been seen since November. Most Read from Bloomberg US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap China Tells Iran Cooperation Will Last After Attack on Israel Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Beyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROI IMF Steps Up Its Warning to US Over Spending and Ballooning Debt The yuan will weaken to test 7.30 per dollar by the end of this quarter, according to 10 analysts polled by Bloomberg after Beijing moved to guide the managed currency weaker Tuesday through its daily reference rate. While that is less than 1% from the yuan's current level, the path leading to it will be paved with official pushback against sharp declines, they said. The People's Bank of China faces a constant battle to find the
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- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/19/24 - Form 6-K
- NMR's page on the SEC website