USDCNY - Peoples bank of China Steps in
Markets Forex

0 Like 0 Dislike 2 Replies
2 years ago

This is a great example of how bank are helping the countries economies just by buying currencies. Swiss Frank was another good example of this ! This is what happened over the last 2 days!

Posted 2 years ago 0 Likes   0 Dislikes

Just pay attention to the tight bound range. the Chinese economy had another big fall , so they might have to step in again.

Posted 2 years ago 0 Likes   0 Dislikes

I know what you mean. Caused a lot of stir in the economy, but the Peoples bank of China assured that they will not touch the currency anymore Unless there will be a big volatility in the market.