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China onshore yuan finishes the domestic session by erasing yesterday's losses

China onshore yuan finishes the domestic session by erasing yesterday's losses
In case you missed the headlines from earlier:PBOC sets USD/ CNY reference rate for today at 7.1466 (vs. estimate at 7.2233)PBOC eases cross-border fundingICYMI - yuan rocketed higher with the PBOC slamming the fix, and promoting capital inflowThere was a big drop in the Chinese yuan yesterday and local authorities have responded by punishing speculators today. In turn, that has helped with giving the aussie and kiwi an indirect boost. This article was written by Justin Low at w... Read More
Posted: Jul 20 2023, 08:40
Author Name: forexlive
Views: 092013

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