PBOC sets Yuan reference rate at 7.0803

The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0803 versus Thursday's fix at 7.0887.

Apr 24, 2020

USD/CNH: Depressed above 7.0900 despite US allegations

Having recently refreshed the intraday low to 7.0915, USD/CNH bounces off to 7.0930 as Chinese markets open for trading on Friday. The pair’s latest m

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Apr 24, 2020

Global economy to contract by 2% in 2020, recovery to be U–shaped – Reuters poll

The latest Reuters of economists from across the globe showed that the global economy is expected to see the sharpest contract on record in 2020 due t

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