Technical Analysis

Chinese yuan, both onshore and offshore, adds further to gains

The yuan fixing was a huge shunt from Friday, the biggest one-day change in the reference rate since 2005.

PBOC sets USD/ CNY reference rate for today at 7.0899 (vs. estimate at 7.0896)

The news flow out of China has been very notable indeed, changes to COVID and property sector support policy:

Onshore yuan has strengthened beyond 7.05, as has the offshore. Chart is of CNH, daily:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button