Search investingLive
Home
Chinese banks set to revive counter-cyclical factor in yuan midpoint fixing - report

Chinese banks set to revive counter-cyclical factor in yuan midpoint fixing - report

News
Adam Button
27/09/2022 | 14:27 GMT
  • Reuters report, citing a source

USD/CNY has been relentlessly marching to 7.20, which was the top in 2019 and 2020.

USDCNY

Most Popular

investingLive Premium
Telegram Community
Gain Access
View more

UK pubs get rates relief as borrowing costs drop £3.7bn. Hotels & restaurants seek similar support amid rising tax bills.

Telegraph
4m ago

Crypto bill markup delayed again, extending regulatory uncertainty. Coinbase withdraws support. 60% chance of passage.

decrypt
52m ago

Critical minerals trade talks begin; gold/silver retreat from highs. No tariffs for now, focus on overseas supply.

White House
57m ago

Arizet launches gamified prop trading platform, targeting 7% success rate traders. Not the cheapest, but a revenue source.

Finance Magnates
1h ago

US slaps 25% tariff on high-end AI chips, hitting Nvidia & AMD sales in China. Traders eye impact on valuations.

Washington Post
1h ago

Big Tech dips on valuation fears; oil drops $2. Toyota Industries jumps 6% on buyout offer; Trip.com sinks 20% on antitrust probe.

Associated Press Finance
2h ago

Food prices up 19% since 2022! CPI steady at 2.7% - inflation's bite lingers, widening wealth gaps.

CBS News
2h 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{|}