I posted earlier in the week the good info from HSBC on the PBOC allowing the onshore yuan to weaken a little:
Which its done, setting the CNY at its lowest since November 2023 today:
USD/CNH has popped higher, also to November 2023 levels:
![usdcnh nov 2023 highs 20 June 2024 2](https://images.forexlive.com/images/usdcnh%20nov%202023%20highs%2020%20June%202024_id_b273c182-fec8-4403-adcf-660051757b39_size900.jpg)
More:
I posted earlier in the week the good info from HSBC on the PBOC allowing the onshore yuan to weaken a little:
Which its done, setting the CNY at its lowest since November 2023 today:
USD/CNH has popped higher, also to November 2023 levels:
More:
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