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USDCNY USD/CNY
- 7.2455
- 0.00000.00%
Trading Nov 24 17:57 CT
7.2455High7.2455Low
7.2455Open7.2455Pre Close0.00%Amplitude7.277452wk High7.2450Bid--Multiplier7.010652wk Low7.2460Ask
USD/CNY Forum
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This is exactly why the Fed's September pivot and the sudden strength in the yuan were critical factors in the unleashing of China's stimulus. But the Fed will likely slow down its rate cuts given the tentativeness in the rate of dis-inflation.
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as 1)the Chinese real economy likely remains a big drag, and
2) PBOC still wants to avoid a one-sided appreciation of CNY in the context of the weak economic environment, and the fact that Chinese economy is more reliant on exports growth when domestic demand is under downward pressure and shows no signs of turning around.
$USD/CNY (USDCNY.FX)$ likely stay range-bound in the near term, with a tailwin...
2) PBOC still wants to avoid a one-sided appreciation of CNY in the context of the weak economic environment, and the fact that Chinese economy is more reliant on exports growth when domestic demand is under downward pressure and shows no signs of turning around.
$USD/CNY (USDCNY.FX)$ likely stay range-bound in the near term, with a tailwin...
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China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday.
The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May.
“We think t...
China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday.
The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May.
“We think t...
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China is considering removing some of the largest remaining restrictions on home purchases, allowing 1st-tier cities to relax restrictions for non-local buyers.
Authorities are also mulling fresh measures to shore up the sluggish stock market.-Bloomberg
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Authorities are also mulling fresh measures to shore up the sluggish stock market.-Bloomberg
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