On Friday, May 15th, at the end of trading in New York (Saturday UTC+8 04:59), the offshore Chinese yuan against the US dollar was at 6.81 yuan, down 273 points from the previous day, with intraday trading ranging from 6.79 to 6.82 yuan.
[Jerome H. Powell Appointed as Interim Chair of the Federal Reserve]
The Federal Reserve announced that Jerome H. Powell has been appointed as Interim Chair until Kevin M. Warsh is sworn in as the new Chair. This interim appointment is in line with the usual practice during transitions of leadership.