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Spot USD/CNY Swells 462 Bps to 7.2412 at Close, Setting 1Mth+ High
RMB was shored up by the remarks made by US President Donald Trump that he does not want to wield tariffs against China. Spot USD/CNY swelled 462 bps to close at 7.2412 today (24th...
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Spot USD/CNY Swells 462 Bps to 7.2412 at Close, Setting 1Mth+ High
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RMB was shored up by the remarks made by US President Donald Trump that he does not want to wield tariffs against China.

Spot USD/CNY swelled 462 bps to close at 7.2412 today (24th), setting an over-one-month high. As of 4:35 pm, USD/CNY in the night session leaped 482 bps. USD/CNH rallied 451 bps to 7.2402, 10 bps above USD/CNY.

Related NewsInitial Jobless Claims for Feb/01 in United States is 219K, higher than the previous value of 208K. The forecast was 213K.

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