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PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)

PBOC sets USD/ CNY reference rate for today at 7.1058 (vs. estimate at 7.2472)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 01:15 GMT-0
25/04/2024 | 01:15 GMT-0
Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2472 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2472 – Reuters estimate

  • The rate the Bank sets will likely be on the 7.10 big figure
Eamonn Sheridan
Eamonn Sheridan
Thursday, 25/04/2024 | 00:53 GMT-0
25/04/2024 | 00:53 GMT-0
News

Latest China crackdown ICYMI - brokers told to limit exposure to "snowball" derivatives

Latest China crackdown ICYMI - brokers told to limit exposure to "snowball" derivatives

  • China ramping up regulation of these derivatives products.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 20:23 GMT-0
24/04/2024 | 20:23 GMT-0
Central Banks

Why the stronger yuan might prompt a PBOC rate cut

Why the stronger yuan might prompt a PBOC rate cut

  • The CNY is strengthening, just not against the US dollar
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 03:27 GMT-0
24/04/2024 | 03:27 GMT-0
Central Banks

PBOC sets USD/ CNY mid-point today at 7.1048 (vs. estimate at 7.2363)

PBOC sets USD/ CNY mid-point today at 7.1048 (vs. estimate at 7.2363)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
Eamonn Sheridan
Wednesday, 24/04/2024 | 01:15 GMT-0
24/04/2024 | 01:15 GMT-0
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