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CNY to USD central parity rate reported at 6.8943, up 98 points
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March 24, the USD/CNY central parity rate is 6.8943, up 98 basis points.
The probability that the Federal Reserve will keep interest rates unchanged in April is 92.8%
According to CME “FedWatch”: The probability of a 25 basis point rate hike in April is 7.2%, and the probability of holding rates steady is 92.8%. The chance of a cumulative 25 basis point increase by June is 9.1%, a 50 basis point increase is 0.2%, and the probability of no change remains at 90.7%.
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