Forex
globalreutersJune 25, 20241 Mins read
USDCNH pops higher after weakest PBoC mid-point fix since Nov 2023
globalreutersJune 25, 20241 Mins read USDCNY has seen immediate upside following the weakest mid-point setting by the PBoC since November last year.
We still have some ways to go before we get to 7.36-37 (which was the previous line in the sand where the PBoC stepped in to curb CNY weakness), but worth keeping an eye on it.
This article was written by Arno V Venter at www.forexlive.com.
Recent Posts
Categories
Related Articles
FX option expiries for 8 November 10am New York cut
There are just a couple to take note of on the day,...
Barclays now sees the Fed cutting interest rates by 25 bps just once next year
That follows the developments this week with Trump being elected US president...
Will we get anything from China today?
From last week: China mulls approving fresh fiscal package worth over ¥10...
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by...
Leave a comment