According to BSP’s Pacific and Economic Market Insight report, the Kina has traded flat in the first quarter of 2021, while year-on-year, it depreciated 2.4 percent against the US dollar, from 0.2920 to 0.2850.
Rohan George, BSP Group General Manager – Treasury, said: “The US Doller rallied against most currencies, as higher than expected economic and employment growth created inflationary concerns and fueled speculation that the US Federal Reserve would tighten monetary policy earlier than markets had initially expected.”
