Currencies

PBOC Declares Yuan Fix to 3-week High Week, Stronger than Forecast

 Currencies

The People's Bank of China (PBOC) set the midpoint rate (CNY=PBOC), the yuan pegged trade boundaries in a 2% band, at 7.0994 per dollar, 69 pps higher than the previous fixing of 7.1063 on April 30.

May 8, 2024

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People’s Bank of China Faces Triple Challenge to Keep Yuan within its Traditional Bounds

People’s Bank of China Faces Triple Challenge to Keep Yuan within its Traditional Bounds

With the continuous downtrend in the Chinese equities, pressure on the mainland yuan is mounting as well.

February 9, 2024

views 1343
China’s PBOC Intervened Ordering Banks to Sell Dollars to Strengthen Renminbi

China’s PBOC Intervened Ordering Banks to Sell Dollars to Strengthen Renminbi

U.S. equity futures traded higher in late premarket this European afternoon after closing lower yesterday.

October 17, 2022

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