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Offshore yuan (CNH) is hitting a 3 week high

Offshore yuan (CNH) is hitting a 3 week high

Central Banks
Eamonn Sheridan
06/11/2023 | 02:10 GMT

The People's Bank of China have been holding the line against a weaker yuan, setting USD/CNY 10+ big figures below prevailing market rates for weeks.

Offshore yuan is moving to a 3-week high, USD/CNH under 7.2850:

usdcnh pboc yuan defense 06 November 2023

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