PBOC May Not Be in a Hurry to Weaken Chinese Yuan -- Market Talk

Dow Jones

04-16

0350 GMT - The PBOC may not be in a hurry to weaken the Chinese yuan, given that CNY fixings over the past few days have shown more two-way volatility with a depreciation bias, Mizuho Securities Asia's Ken Cheung says in an email. Also, the Chinese central bank set CNY fixing 37 pips weaker today to guide gradual CNY depreciation following USD's rebound, the director of FX Strategy adds. USD/CNY is 0.2% higher at 7.3276; USD/CNH is steady at 7.3315. (ronnie.harui@wsj.com)

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April 15, 2025 23:50 ET (03:50 GMT)

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Also, the Chinese central bank set CNY fixing 37 pips weaker today to guide gradual CNY depreciation following USD's rebound, the director of FX <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> adds. USD/CNY is 0.2% higher at 7.3276; USD/CNH is steady at 7.3315. 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Also, the Chinese central bank set CNY fixing 37 pips weaker today to guide gradual CNY depreciation following USD's rebound, the director of FX Strategy adds. USD/CNY is 0.2% higher at 7.3276; USD/CNH is steady at 7.3315. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 15, 2025 23:50 ET (03:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}