21 October 2020
7 min read

The Opening Belle - 21st October 2020

Morning all. The dollar has been ditched, and the deadline wasn't a deadline. Not sure those two things are related, but it sums up the main news without using the 's' word. Risk sentiment is certainly positive. The yuan has been strong of late, and the PBoC fixing showed no real appetite to reverse this. PBoC Fixes USDCNY Reference Rate At 6.6781 (prev fix 6.6930 prev close 6.6770) — LiveSquawk (@LiveSquawk) October 21, 2020 Bloomberg speculate if the PB0C will allow this to continue. Yuan Rallies to Strongest in Two Years - Renewed Test for PBOC (BBG)

Share article:

Previous Post
Next Post