USD/CNY fix: 6.9207 vs. the prior close of 6.9270 – by fx_ross USDCNY PBOC Currencies
In recent trade today, the People’s Bank of China set the yuan at 6.9207 vs. the prior close of 6.9270.The onshore yuan differs from the offshore one in trading restrictions, this last one is not as tightly controlled.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CNY fix: 6.9237 against the last close of 6.9323In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.9237 against the last close of 6.9323. About the fix China maintains strict
Read more »
US, Filipino forces show power in drills amid China tensionsAmerican and Filipino forces have fired a barrage of high-precision rockets, airstrikes and artillery in their largest war drills in Philippine waters facing the disputed South China Sea that would likely antagonize China. President Ferdinand Marcos Jr. on Wednesday watched the American show of firepower from a tower in northwestern Zambales province. It’s the latest indication of his strong backing of his country’s treaty alliance with the U.S. His order for the Philippine military to shift its focus to external defense amid China’s aggressive actions in the South China Sea falls in sync with the Biden administration’s aim of reinforcing an arc of Indo-Pacific alliances to better counter China.
Read more »
UK warns China secrecy over military expansion risks 'tragic miscalculation'British foreign minister James Cleverly will urge China to be more open about the reasons behind what he called the biggest military build-up in peacetime history and said secrecy could lead to a 'tragic miscalculation'.
Read more »
Oil prices ease as investors weigh China demand, rate hikesOil prices slipped in early trade on Tuesday, paring gains from the previous session, as investors weighed strong holiday travel in China that could boost fuel demand with the prospect of rising interest rates elsewhere slowing economic growth.
Read more »
Twitter changes stoke Russian, Chinese propaganda surgeRussia, China and Iran are exploiting recent changes at Twitter to spread disinformation faster and farther.
Read more »