Subscribe To
PBOC set the reference rate 400+ lower than expect - yuan traders not fooled a second day
I posted here earlier a bit of a recap of the People's Bank of China smashing the USD/CNH longs yesterday.The Bank set today's rate well below the expected yet again today:PBOC sets USD/ CNY reference rate for today at 7.1456 (vs. estimate at 7.1965)Yuan traders were more wary today though, USD/CNH is not a lot changed since: This article was written by Eamonn Sheridan at www.forexlive.com...
Read More
Posted: Jul 21 2023, 01:24
Author Name: forexlive
Views: 080936