USD/CNY fix: 6.3763 compared with the last close of 6.3711

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3763 compared with the last close of 6.3711.

About the fix

China maintains strict control of the yuan’s rate on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled.

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.

Apr 18, 2022

AUD/JPY eyes 94.00 ahead of the China’s GDP, focus shifts to the RBA minutes

The AUD/JPY pair is juggling in a narrow range of 92.82-93.90 as investors are awaiting the release of the Gross Domestic Product (GDP) numbers by the

WTI is under pressure, sliding from corrective highs

Oil prices were climbing at the start of the week but have since moved lower and at $103.72, the black gold is down by some 0.52%. However, concerns g