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20 Jul 2021

USD/CNY fix: 6.4855 vs prev close 6.4905

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) reference rate at 6.4855 vs the previous fix of  6.4700 and the previous close of 6.4905.

About the fix

China maintains strict control of the yuan’s rate on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled.

Each morning, the People’s Bank of China (PBOC) sets a so-called daily midpoint fix, based on the yuan’s previous day closing level and quotations taken from the inter-bank dealer.

Jul 20, 2021

USD/CAD Price Analysis: Overbought RSI triggers pullback from five-month top above 1.2700

USD/CAD sellers attack intraday low near 1.2740, down 0.07% on a day, amid Tuesday’s Asian session. The Loonie pair jumped to the highest since early
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Jul 20, 2021

US 10-year Treasury yields consolidate biggest losses in eight months

US bond bears catch a breather following the heaviest fall since November 2020 amid the Asian session on Tuesday. That said, the 10-year Treasury yiel
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