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.
Related Articles
Trend Continuation Factor and Hurst Exponent Forex Trading Strategy
The Trend Continuation Factor and Hurst Exponent Forex trading strategy is a...
Gold prices dip in face of strengthening US Dollar
Gold's price dropped late in the North American session, but it is...
Mexican Peso surges as traders eye next week’s inflation data
The Mexican Peso (MXN) stages a recovery after weakening to a new...
Forexlive Americas FX news wrap 17 Jan: US Supreme Court affirms decision to shut TikTok.
US stock indice close higher on the day and have positive returns...
Leave a comment