HomeBlogAplenty Icon PublicationPBOC sets USD/ CNY reference rate today at 7.1918 (vs. estimate at 7.2257): 25 November

PBOC sets USD/ CNY reference rate today at 7.1918 (vs. estimate at 7.2257): 25 November

by

Nov 25, 2024

Aplenty Icon Publication

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.
CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.
A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.

The previous close was 7.2478

In open market operations (OMOs):

PBOC injects 249bn yuan via 7-day RR, sets rate at 1.5%

172bn yuan mature today
net injection is 77bn yuan

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

Axios: Israeli, US officials state Israel and Lebanon on the cusp of a ceasefire agreement

Nov 25, 2024

Aplenty Icon Publication

The Axios report cites Israeli and US officials Israel and Lebanon are on the cusp of a ceasefire agreement Israeli media has reported that Israel agreed in principle to the proposal for a ceasefire in Lebanon Israel Broadcasting Corporation agreement with Lebanon not yet reached, issues remain. We’ll see. Remember though, for markets hope is...

Previous

Goldman Sachs on 2025: When the Fed cuts, bond market where investors should want to be

Nov 25, 2024

Aplenty Icon Publication

Goldman Sachs Asset Management 2025 Outlook report is titled “Reasons to Recalibrate.” On bonds, GS is bullish: “When the Fed cuts rates, history suggests the bond market is where investors should want to be,” see broad-based fixed income gains expects the Fed to cut rates in December and early 2025 main risk for fixed income...

Next

Leave a comment

You must be logged in to post a comment.

Further reading

Ford to cut 4K jobs within Europe (Germany and UK). Cite weak EV demand.

Nov 25, 2024

Aplenty Icon Publication

Ford is announcing they will cut 4000 jobs primarily in Germany and the UK. They blame week EV sales and also lack of government support and increasing competition. Shares of Ford are trading your unchanged at $11.05 in premarket trading. The last few days has seen the price test the...

Read More

USDCAD bounces higher after two days of declines. Prices back above 2022 high at 1.3978

Nov 25, 2024

Aplenty Icon Publication

The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458 and 1.39581. Support buyers leaned against that area (the 100 bar moving average of the 4-hour chart was also in that area), and has pushed the price higher in trading...

Read More

NASDAQ index remains under pressure.

Nov 25, 2024

Aplenty Icon Publication

The NASDAQ index continues to fall. In premarket trading at the start of the US session, the index was up around 50 points. The current price is down -246 points or -1.29% at 18743.80. The low price reached 18724.39. Looking at the hourly chart, the price is approaching its 200...

Read More