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Central Banks

People's Bank of China has more work to do to support the yuan

People's Bank of China has more work to do to support the yuan

  • Yuan is dropping, like almost everything else, under a USD pressuring higher
Eamonn Sheridan
Eamonn Sheridan
Thursday, 14/11/2024 | 02:52 GMT
14/11/2024 | 02:52 GMT
Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1966 (vs. estimate at 7.2326)

PBOC sets USD/ CNY reference rate for today at 7.1966 (vs. estimate at 7.2326)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 14/11/2024 | 01:15 GMT
14/11/2024 | 01:15 GMT
Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2326 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2326 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 14/11/2024 | 00:19 GMT
14/11/2024 | 00:19 GMT
Central Banks

PBoC promised stronger damping to support CNY, and that's what are seeing

PBoC promised stronger damping to support CNY, and that's what are seeing

  • For example the PBOC set the USD/ CNY mid-point today at 7.1991 vs. estimate at 7.2305
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 13/11/2024 | 01:29 GMT
13/11/2024 | 01:29 GMT
Central Banks

PBOC sets USD/ CNY mid-point today at 7.1991 (vs. estimate at 7.2305)

PBOC sets USD/ CNY mid-point today at 7.1991 (vs. estimate at 7.2305)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 13/11/2024 | 01:15 GMT
13/11/2024 | 01:15 GMT
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