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Offshore yuan is leaping higher

Offshore yuan is leaping higher
Tracking yuan moves, these from earlier - a higher than expected reference rate for the CNY (lower than expected USD/CNY):PBOC sets USD/ CNY central rate at 7.2098 (vs. estimate at 7.2194)Offshore yuan rose:PBOC set the onshore yuan stronger thann expected, USD/CNH tumblingAnd its higher again (lower USD/CNY):I posted earlier that the PBOC would seek to slow the fall for the yuan. ps. Yuan has AUD on a string, AUD/USD higher This article was written by Eamonn Sheridan at www.for... Read More
Posted: Jun 27 2023, 01:52
Author Name: forexlive
Views: 102288

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