News
Join
CNY

China onshore yuan finishes the domestic session by erasing yesterday's losses

  • The close comes in at 7.1811 against the dollar
Justin Low
20/07/2023 | 08:40 GMT
USDCNY
USD/CNY daily chart

In case you missed the headlines from earlier:

  • PBOC sets USD/ CNY reference rate for today at 7.1466 (vs. estimate at 7.2233)
  • PBOC eases cross-border funding
  • ICYMI - yuan rocketed higher with the PBOC slamming the fix, and promoting capital inflow

There was a big drop in the Chinese yuan yesterday and local authorities have responded by punishing speculators today. In turn, that has helped with giving the aussie and kiwi an indirect boost.

Tags

  • CNY
  • Follow CNY
  • Save

Most Popular

  • ICYMI: US ordered TSMC to halt shipments to China of chips used in AI applications
  • Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue
  • Bank of Japan Deputy Governor Uchida comments - not on economy, monetary policy, or yen!
  • Canadian dollar falls to the lowest since 2020
  • Barkin: Fed does watch carefully if 10-year yield driven by inflation expectations
  • USD/CAD rises above 1.40 for the first time since 2020
  • US dollar jumps as Fed officials highlight higher neutral rate, sticky CPI

Follow Us

Subscribe to Forexlive's Daily News Wrap

Read our Terms, Cookies and Privacy Notice

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.