Fri, Apr 03, 2026 05:07 GMT
More
    HomeLive CommentsYuan rebounds on suspected intervention, Shanghai SSE regains 2800

    Yuan rebounds on suspected intervention, Shanghai SSE regains 2800

    The onshore USD/CNY breached 6.81 earlier today as selling in Yuan continued. But on suspected intervention by state owned banks, USD/CNY quickly dropped through 6.8 handle and it’s now back at 6.78.

    The offshore USD/CNH also followed and dropped through 6.8 too.

    The news and the development helped lifted the Shanghai SSE composite back into positive territory. It’s now trading above 2% and is back above 2800. It’s also helped lifted Hong Kong HSI by more than 400 pts back above 28200.

    ActionForex
    ActionForex
    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

    Latest Analysis

    Learn Forex Trading