Free Trial

USD/CNH Dips as PBOC Warn Against One-Way Bets

  • Rate slipping lower as markets respond to a warning from the PBoC, who flag that regulators see keeping the FX market stable as a priority, warning against one-way bets in the currency. The PBoC have also asked for banks to protect the authority of the CNY fix.
  • USD/CNH drifting at typing, slipping to around 7.24 from 7.2674 this morning - a record high for the pair.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.