Onshore yuan falls to its weakest since September 2023 ...Middle East

This comes despite People's Bank of China efforts to support the yuan, continuing today with a fix below 7.2 again:

PBOC sets USD/ CNY mid-point today at 7.1887 (vs. estimate at 7.3435)

7.1887*1.02 means it should top at 7.3324, its only permitted to trade +/- 2% from the reference rate. The People's Bank of China will intervene (so they tell us) to hold that range.

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

Hence then, the article about onshore yuan falls to its weakest since september 2023 was published today ( Wednesday 08/01/2025 - 04:53 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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