Real-time stock and forex trading analysis, featuring market trends, price fluctuations, and actionable trading ideas. With detailed charts and expert insights, it helps users make informed decisions in a streamlined, user-friendly interface.

Tuesday, January 9, 2018

PBOC's latest move cuts support for the Chinese yuan

January 09, 2018 0 comments
It looks like the 6.50 level in USD/CNY is where the PBOC decides "enough is enough" Last September, USD/CNY touched below 6.50 and the . That allowed financial institutions to stop setting aside cash when purchasing USD for clients through FX forwards - which meant an easier process for traders/investors to purchase USD against the CNY.
from Forexlive RSS Breaking news feed
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)