The Chinese yuan crashed this week, erasing some of the gains made in the past few weeks. The USD/CNY exchange rate rose to 6 ...
As of 4:36 pm, USD/CNY in the night session dived 207 bps. USD/CNH plummeted 215 bps to 6.9246, 63 bps below USD/CNY. Related NewsInflation Rate YoY for Feb in China is 1.3%, higher than the previous ...
Spot USD/CNY soared 465 bps to close at 6.8718 today (10th), notching a new high since February 27. As of 4:34 pm, USD/CNY in the night session spiked 343 bps. USD/CNH lifted 73 bps to 6.8747, 29 bps ...
Commerzbank’s Charlie Lay and Moses Lim highlight that the People’s Bank of China has removed the 20% reserve requirement on foreign currency forwards, reducing the cost of short CNY positions. They ...
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