USD/ CNY fix: 6.4845 vs the last close of 6.4817

In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point against the dollar at 6.4845 vs the last close of 6.4817.

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.

Jan 18, 2021

GBP/CAD Price Analysis: Bulls taking the reins and eye a daily extension

GBP/CAD is attempting to move higher in what would equate to a bullish extension on the weekly and daily time frames. The following illustrates where

S&P 500 Futures stay on the back foot for third consecutive day as covid, US politics weigh on risks

S&P 500 Futures drop to $3,749, down 0.35% intraday, during early Monday. In doing so, the risk barometer stays heavy near more than a week’s low whil