Search investingLive
Home
Central Banks
Offshore yuan at its lowest since November last year as the PBOC relaxes its grip on CNY

Offshore yuan at its lowest since November last year as the PBOC relaxes its grip on CNY

Central Banks
Eamonn Sheridan
20/06/2024 | 01:49 GMT

I posted earlier in the week the good info from HSBC on the PBOC allowing the onshore yuan to weaken a little:

Which its done, setting the CNY at its lowest since November 2023 today:

USD/CNH has popped higher, also to November 2023 levels:

usdcnh nov 2023 highs 20 June 2024 2

More:

Most Popular

investingLive Premium
Telegram Community
Gain Access
View more

Oil price surge threatens Indonesia's budget & growth goals. Deficit cap breach looms.

Bloomberg
3m ago

Gas prices jump 11% amid supply fears. Refineries face challenges, echoing 1970s crisis.

Fortune
8m ago

Micron's stock quadrupled on AI, but will earnings show demand resilience? Fed rates steady, Powell's words key.

Investopedia
17m ago

IonQ leads RGTI in quantum accuracy, boasting higher revenue but larger losses. RGTI's speed advantage faces competition.

Motley Fool
27m ago

401(k)s boost retirement savings 29% via tax deferrals & employer matches. Maximize contributions!

Investopedia
37m ago

BAC yields 2.3%, XOM yields 2.7%, GOOGL yields 0.3%. Blue chips offer stability amid market dips.

Motley Fool
46m ago

REI's sale offers up to 50% off top brands like North Face, with deals starting at $41. Great value for outdoor gear!

WIRED
1h ago
investingLive Premium
Telegram Community
Gain Access

Must Read

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2026 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}