USD/CNY is permitted (by the People’s Bank of China) to trade plus or minus 2% from this central rate
– Yuan a lot higher against the USD today
USD/CNH is the ‘offshore’ and it can trade wherever it likes
USD/CNY is permitted (by the People’s Bank of China) to trade plus or minus 2% from this central rate
– Yuan a lot higher against the USD today
USD/CNH is the ‘offshore’ and it can trade wherever it likes