The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions USD/CNH is down for the third day in a row after reversing from a five-month high and the 200-day moving average. Nonetheless, the price shows minor losses around the 6.3600 mark during Thursday’s Asian session. The offshore Chinese yuan (CNH) currency pair is influenced by Beijing’s market-friendly policies as well as the lessening of COVID-19 worries. China Vice Premier […]
Markets are ‘functioning smoothly,’ with no signs of default despite severe volatility, according to CFTC Chair
Markets are ‘functioning smoothly,’ with no signs of default despite severe volatility, according to CFTC Chair Markets are “functioning well” despite unprecedented volatility caused by Russia’s invasion of Ukraine, according to the chair of the US Commodity Futures Trading Commission on Wednesday. While the financial sector is “definitely” stressed, there are no red lights indicating probable defaults, according to Rostin Behnam at the International Futures Industry Conference. The agency’s monitoring section is “surgically focused” on […]