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26 Oct 2022

USD/CNY fix: 7.1638 vs. the previous fix of 7.1668

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 7.1638 vs. the previous fix of 7.1668 and the previous close of 7.2652.

About the fix

China maintains strict control of the yuan’s rate on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled.

Each morning, the People’s Bank of China (PBOC) 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.

Oct 26, 2022

AUD/JPY reverses gains sharply from 94.80, Australian inflation climbs to 7.3%

The AUD/JPY pair has reversed its sharp move to an intraday high of 94.78 and has resulted in a selling tail in the Tokyo session after better-than-pr
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Oct 26, 2022

USD/JPY establishes above 148.00 as risk-off mood returns, BOJ policy hogs limelight

The USD/JPY pair has comfortably shifted its business above the critical hurdle of 148.00 in the Asian session. The asset has witnessed a fresh demand
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