Imminent Reasons for PBOC to Set USDCNY as Year High

4:58 AM No Comments

The PBOC surprised the market over the past few days by setting the USDCNY fixing at record highs of this year. Both onshore (CNY) and offshore (CNH) renminbi spots decline against USD as traders rushed to unwind their long renminbi positions. While USDCNY is allowed to trade within 1%



Continue Read...