In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point at 6.5476 vs last close 6.5450. Meanwhile, the US dollar is correcting in a significant move on the daily chart. Elusive political deals in Brexit and US Congress are weighing on risk sentiment and pressuring global equities which in turn has supported the greenback. About the fix China maintains strict control of the yuan’s rate on the mainland, the current known as CNY which differs from its offshore yuan, or CNH, which not as tightly controlled as the onshore yuan. 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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Futures print mild gains below 3,700, eye covid vaccine, stimulus update for fresh clues FX Street 3 years In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point at 6.5476 vs last close 6.5450. Meanwhile, the US dollar is correcting in a significant move on the daily chart. Elusive political deals in Brexit and US Congress are weighing on risk sentiment and pressuring global equities which in turn has supported the greenback. About the fix China maintains strict control of the yuan’s rate on the mainland, the current known as CNY which differs from its offshore yuan, or CNH, which not as tightly controlled as the onshore yuan. Each morning, the People’s Bank of China (PBOC) sets a so-called daily… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
