Sage Investment Club

Menu
Menu

Tag: USDCNY

6.7905 vs. estimate at 6.7900

Share: In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.7905 vs. the estimate at 6.7900 and the last close of 6.7940. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not […]

PBOC is expected to set the USD/CNY reference rate at 6.7660 – Reuters estimate

<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Earlier:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/chinas-cabinet-said-it-will-promote-consumption-recovery-boost-imports-to-drive-economy-20230129/" rel="follow" target="_self" class="article-link">China's cabinet said it will promote consumption recovery, boost imports to drive economy</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/weekend-china-to-extend-3-lending-tools-for-further-targeted-economic-support-20230129/" rel="follow" target="_self" class="article-link">China to extend 3 lending tools for further targeted economic support</a></p> This article was written by Eamonn Sheridan at www.forexlive.com. Source […]

USD/CNH snaps four-day uptrend around 6.7700 despite PBOC inaction

USD/CNH consolidates weekly gains with mild daily losses. PBOC keeps one-year, five-year Loan Prime Rates (LPRs) unchanged. US Dollar’s inability to cheer hawkish Fedspeak weigh on prices amid cautious optimism. USD/CNH remains pressured around 6.7700, printing the first daily loss in a week, as trades react to the People’s Bank of China’s (PBOC) status quo […]

PBOC is expected to set the USD/CNY reference rate at 6.7090 – Reuters estimate

<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Heads up for later today:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-mlf-liquidity-injection-today-unchanged-rate-expected-but-some-expect-a-small-cut-20230115/" target="_blank" rel="follow" data-article-link="true">PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small cut)</a></li></ul><p>PBOC Governor Yi Gang</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link

USD/CNY unlikely to extend its decline toward 6.30 – SocGen

China FX has front-loaded the China reopening and economists at Société Générale are cautious about chasing a CNY rally. Neutral on Yuan “As USD/CNY has already reversed more than 50% of the rise in 2022, it would be necessary to feed more positive surprises to the market to deepen a CNY rally to the 6.30 […]

PBOC to cut RRR And LPR in 2023 – China Securities Journal

The People’s Bank of China (PBOC) is seen cutting the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) further in 2023, “as authorities implement “accurate and forceful” monetary policy,” China Securities Journal reported, citing experts. Additional quotes “To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing […]

Refreshes multi-day low as bears approach 6.7650 support

USD/CNH drops to the lowest levels since August 17, 2022. Clear break of 200-DMA, bearish MACD signals favor sellers as they eye two-month-old descending support line. Previous support line from June adds to the upside filters. USD/CNH takes offers to renew a multi-day low around 6.7900 heading into Monday’s European session. In doing so, the […]

PBOC sets USD/CNY reference rate at 6.8265 vs. 6.8912 previous

People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8265 on Monday, versus Friday’s fix of 6.8912 and market expectations of 6.8276. In doing so, the PBOC propels the CNY rate by the most in 30 days. It’s worth noting that the USD/CNY closed near 6.8235 the previous day. In addition to the USD/CNY fix, […]