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The Chinese Renminbi has probed below a notable level on charts in its largest weekly fall since March 2020, drawing attention from the speculative market that could soon make relevant the following insight from a former member of the People’s Bank of China (PBoC) monetary policy committee.
April 22,2022
The Renminbi has begun to ease lower against the Dollar following a 22-month rally and this week’s price action has prompted RBC Capital Markets and BNP Paribas to advocate that clients of the two banks buy USD/CNH in anticipation of a further climb during the weeks and months ahead.
April 20,2022
Global market rebound, NBP policy rejuvenates PLN, roaring reverses much of GBP/PLN, USD/PLN rallies.
March 9,2022
Ukraine invasion & sanctions a mortal threat to RUB, sheds roughly half value Vs USD, GBP, EUR thus far.
March 3,2022
The Polish Zloty remained under pressure against many currencies in the final session of the week as Russia’s invading force encroached upon the Ukrainian capital.
February 25,2022
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