Forex
globalreutersJune 20, 20241 Mins read
Offshore yuan at its lowest since November last year as the PBOC relaxes its grip on CNY
globalreutersJune 20, 20241 Mins read I posted earlier in the week the good info from HSBC on the PBOC allowing the onshore yuan to weaken a little:
Which its done, setting the CNY at its lowest since November 2023 today:
USD/CNH has popped higher, also to November 2023 levels:
More:
- The PBOC USD/CNY fixing is coming up soon – looks like the Bank is lightening up
- PBOC Loan Prime Rates (LPR) remain unchanged at today’s rate setting, as expected
This article was written by Eamonn Sheridan at www.forexlive.com.
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