💱US Dollar/Chinese Yuan FX Spot Rate
USDCNY
▼ NegativeMonetaryrelevance
PBOC signals preference for gradual yuan gains via daily fixing, supporting CNY against USD
OCBC analysts Sim Moh Siong and Christopher Wong say the Chinese yuan remains supported by a softer US dollar and exporter conversion, but the People's Bank of China is signaling a preference for gradual gains through its daily fixing.
PBOC signals preference for gradual yuan gains via daily fixing, supporting CNY against USD