ADVERTISEMENT - CONTINUE READING BELOW

Preview Mode

forexlive.com
Search the website...
  • Technical Analysis
  • Stocks
  • Economic Calendar
  • Live Charts
  • Live Quotes
  • Education
  • Forex Terms
  • Cryptocurrency
  • More
    • Central Banks
    • Forex Orders
    • Session Wraps
    • Premium
    • Webinars
forexlive.com
Search Forexlive
Search Forexlive
Home
Technical Analysis
Stocks
Economic Calendar
Live Charts
Live Quotes
Education
Forex Terms
Cryptocurrency
More
  • Central Banks
  • Forex Orders
  • Session Wraps
  • Premium
  • Webinars

  • Premium

Brokers
Events
About Forexlive
  • Contact Us
  • Terms of Use
  • Privacy

  • Join Forexlive News Updates

  • Join Forexlive FX & Crypto Chat

  • Follow us on Twitter

  • Follow Us on Facebook

Home
> Central Banks
> Further reports of Chinese state banks FX intervention to support yuan, selling USD/CNY
Central Banks
CNY

Further reports of Chinese state banks FX intervention to support yuan, selling USD/CNY

  • Following Moody's downgrade of China's outlook yesterday
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 06/12/2023 | 02:39 GMT
06/12/2023 | 02:39 GMT
  • 0

I posted earlier on intervention Tuesday:

  • China's state banks stepped in to support yuan Tuesday, Moody's downgraded China's outlook

State bnaks have been sighted once again selling USD on Wednesday morning.

The impact so far (this is offshore yuan):

usdcnh intervention state banks 06 December 23

Earlier the PBoC set the reference rate stronger than expected for the CNY:

  • PBOC sets USD/ CNY mid-point today at 7.1140 (vs. estimate at 7.1476)

But, they have been doing so for many months.

ADVERTISEMENT - CONTINUE READING BELOW

Tags

  • CNY
  • China
  • CNH
  • pboc
ADVERTISEMENT - CONTINUE READING BELOW

Most Popular

  • Slovak PM Fico said Putin confirmed readiness to continue supplying gas to the West
  • Fed vice chair for supervision is worried that Trump will try to remove him - report
  • Trump sounds indifferent to a government shutdown
  • HSBC still sees Fed rate cuts ahead, another 75bp next year. Higher stocks & USD also.
  • Trade ideas thread - Monday, 23 December, insightful charts, technical analysis, ideas
  • How the Fed stole Christmas
  • Honda and Nissan are set to announce launch of integration talks
ADVERTISEMENT - CONTINUE READING BELOW
ADVERTISEMENT - CONTINUE READING BELOW
GMT 00:00:00
LON 00:00:00
NY 00:00:00
TKYO 00:00:00
SYD 00:00:00
Get the Forexlive newsletter
Your email
First name
Last name

Select additional content:

Stock Daily Updates

  • AAPL stock
  • AMD stock
  • AMZN stock
  • AXON stock

Top Forex Brokers

ForexLive Premium
ForexLive Premium

Must Read

  • The question hanging over the market: What are Trump's real priorities?
  • Dogecoin price prediction
  • BTC saw $416M liquidated in long positions, in the last 24 hours
  • Ethereum price prediction - I think it's still going to $5k but question is from where...
  • Uncover a Unique Buy-the-Dip Strategy for AMD Stock Investors
  • Navigating Global Economic Shifts: Israel's Strategic Resilience Unveiled
  • Ford Stock is Down 3%. We Asked our AI What It 'Thinks' About That...
  • Bitcoin rises to yet another new record. High extends to $107,144
  • ECB Schnabel: We should proceed with caution remain data dependent
  • Trump: Masayoshi Son announces $100B investment in the US over 4 years
  • Nvidia stock price prediction, AI supported
  • Eurostoxx futures flat in early European trading
  • Our INTC trade idea filled its first buy order
  • China hints at further measures to support the recovery of its property market.
  • Bitcoin Technical Analysis for Christmas
  • Bitcoin Price Prediction by AI
  • Become an Author
  • Contact Us
  • Advertise with Us
  • Newsletter
  • Latest News
  • Finance News
  • Education Center
  • Find a Broker
  • Events

Follow Us

Subscribe to Forexlive's Daily News Wrap
  • Twitter ForexLive
  • Telegram ForexLive
  • YouTube ForexLive
  • Facebook ForexLive
  • LinkedIn ForexLive
  • RSS ForexLive

Read our Terms, Cookies and Privacy Notice

Manage cookies

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Finance Magnates CY Limited

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}