The People’s Bank of China (PBoC) intervens in the offshore yuan market

Market news

12 January 2016

The People’s Bank of China (PBoC) intervens in the offshore yuan market

The People's Bank of China (PBoC) intervened in the offshore yuan market on Tuesday. The offshore yuan strengthened after the intervention. The price gap against the dollar with the onshore yuan was eliminated. The intervention helped to stabilised the markets.

European stock markets mid session: stocks traded higher as the Chinese stock markets seemed to stabilise

The currency pair GDP/USD dropped to the lowest level since June 2010 after the release of the weaker-than-expected U.K. industrial production data

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