Cny forex news

Here are some recent and relevant CNY (Chinese Yuan) forex news:

Recent News

  1. PBOC sets yuan midpoint at 6.93 per dollar: The People's Bank of China (PBOC) set the yuan midpoint at 6.93 per dollar on Monday, a slight depreciation from the previous day's 6.92. (Source: Reuters)
  2. China's yuan weakens to 7.05 per dollar: The yuan fell to a fresh 11-month low against the US dollar on Tuesday, trading at 7.05 per dollar. (Source: Bloomberg)
  3. PBOC injects liquidity into market: The PBOC injected 100 billion yuan (approximately $14.5 billion) into the financial system on Wednesday to stabilize the market and support the yuan. (Source: Xinhua News Agency)
  4. China's trade surplus widens: China's trade surplus widened to $44.3 billion in August, driven by a surge in exports. (Source: National Bureau of Statistics of China)
  5. PBOC sets yuan reference rate at 6.93 per dollar: The PBOC set the yuan reference rate at 6.93 per dollar on Thursday, a slight depreciation from the previous day's 6.92. (Source: PBOC)

Market Analysis

  1. Yuan weakness may continue: Analysts expect the yuan to continue weakening in the short term due to a combination of factors, including a strong US dollar, trade tensions, and a widening trade deficit. (Source: Bloomberg)
  2. China's economic growth slows: China's economic growth slowed to 6.2% in the second quarter, down from 6.4% in the first quarter. (Source: National Bureau of Statistics of China)
  3. Yuan volatility may increase: The yuan's volatility may increase in the coming weeks due to the upcoming US-China trade talks and the potential for further monetary policy easing by the PBOC. (Source: Reuters)

Forex Market Impact

  1. USD/CNY rises: The US dollar against the Chinese yuan (USD/CNY) rose to a fresh 11-month high on Tuesday, trading at 7.05 per dollar.
  2. EUR/CNY falls: The euro against the Chinese yuan (EUR/CNY) fell to a 2-week low on Wednesday, trading at 7.83 per euro.
  3. JPY/CNY weakens: The Japanese yen against the Chinese yuan (JPY/CNY) weakened to a 2-week low on Thursday, trading at 5.93 per yen.

Please note that the forex market is highly volatile and subject to sudden changes. These news articles and market analysis are intended to provide general information and should not be taken as investment advice.