Tag: USDCNY
USDCNY keeps grinding towards previous intervention levels around 7.37
The USDCNY is approaching the previous max pain level around 7.37 where the PBoC intervened in 2023 so worth keeping that level marked up.The PBoC con [...]
Yuan intervention – China's major state-owned banks seen selling USD/CNY – Forex Factory
Yuan intervention - China's major state-owned banks seen selling USD/CNY Forex Factory
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USD/CNY: Weak Yuan Would Most Impact Southeast Asian Currencies
China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk that it unleashes a chain reaction rocking e [...]
AUD/USD Slipping Lower on Easter As USDCNY Crawls Higher – FX Leaders
AUD/USD Slipping Lower on Easter As USDCNY Crawls Higher FX Leaders
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Explainer: the PBOC USD/CNY fix and how it impacts FX markets – FOREX.com
Explainer: the PBOC USD/CNY fix and how it impacts FX markets FOREX.com
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Explainer: the PBOC USD/CNY fix and how it impacts FX markets – FOREX.com
Explainer: the PBOC USD/CNY fix and how it impacts FX markets FOREX.com
www.forex.com [...]
ForexLive Asia-Pacific FX news wrap: USD/CNY mid-rate set lowest since September 27
Federal Reserve speakers Wednesday: Powell, Cook, Williams, Barr, JeffersonEuropean Central Bank speakers for Wednesday, 8 November 2023 include head [...]
Multiple China banks cut Yuan deposit rates, likely lowering interest rates on existing mortgages
A slew of China banks cut interest rates on Yuan deposits early Friday while citing the readiness to ease the pressure from lower mortgage ra [...]
USD/CNY: Yuan Drop Belies More Trouble Ahead for China – Forex Factory
USD/CNY: Yuan Drop Belies More Trouble Ahead for China Forex Factory
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USD/CNY drops below 7.30 afte PBOC intervenes in FX market
The Chinese yuan was once again rescued by the People’s Bank of China (PBOC) after Reuters reported, citing sources, major Chines [...]
USD/CNY pushes past 7.10 as yuan decline extends further
Considering recent actions, I would argue that China did think about drawing a hard line in USD/CNY somewhere close to 7.00 but prevailing market fund [...]
China opens door to more monetary easing actions ahead
The policy has taken a more dovish tilt in China, aimed at "economic stability". China’s cut of two key policy interest rates ope [...]
Fed policy shift impact on China’s forex market controllable
“In case the US Federal Reserve alters its monetary policy stance, its impact on China's foreign exchange market is controllab [...]
Yuan FX fee isn’t a instrument to fight commodity inflation – Bloomberg
The Individuals’s Financial institution of China (PBOC) clarified Thursday that the trade fee changes can't be used as a instr [...]
PBoC change in FX coverage priorities to weigh on the greenback – ING
A central financial institution official has immediately proposed that China ought to let the yuan respect to offset the risin [...]