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Offshore yuan (CNH) jumps higher after strong setting for onshore yuan (CNY)

November 20, 2023
in Forex
Reading Time: 1 min read
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Offshore yuan (CNH) jumps higher after strong setting for onshore yuan (CNY)

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The strongest mid-rate for the CNY since Ausgust 11 as we speak:

PBOC units USD/ CNY reference price for as we speak at 7.1612 (vs. estimate at 7.2320)

In the meantime, LPRs unchanged:

PBOC Mortgage Prime Charges (LPR) stay unchanged at as we speak’s price setting, as anticipated

USD/CNH dropped after the robust mid-rate for CNY:

This text was written by Eamonn Sheridan at www.forexlive.com.

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Tags: CNHCNYhigherjumpsOffshoreonshoreSettingstrongyuan
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