People’s Bank of China set the USD/CNY central rate at 6.9646 on Friday, versus Thursday's fix of 6.9793 and market expectations of 6.9653.
“With 2 billion Yuan worth of reverse repos maturing on Thursday, China central bank injects 181 billion Yuan on a net basis on the day,” mentioned Reuters.The onshore yuan differs from the offshore one in trading restrictions, this last one is not as tightly controlled. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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PBOC sets USD/CNY reference rate at 6.9681 vs. 6.9546 previousOn Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9681 versus Tuesday's fix of 6.9546 and market expectations of 6.968
Source: FXStreetNews - 🏆 14. / 72 Read more »
PBOC sets USD/CNY reference rate at 69793 vs. 6.9681 previousOn Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9793 versus Wednesday's fix of 6.9681 and market expectations of 6.97
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/CNY to gradually dip towards 6.80 by end-2023 – SocGenThe Chinese Yuan has come a long way, recovering to around 7.00/USD from the low of 7.32 in late October. Economists at Société Générale expect the US
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The James Webb Space Telescope can use its full name in British journal again after controversyThe Royal Astronomical Society briefly mandated that all journal articles refer to the observatory as 'JWST', before NASA cleared former chief James Webb of persecuting queer staffers. Literally anything anyone ever does causes controversy. Quite right!! Western civilization went from 'stick and stones break my bones, but words will never hurt me' to 'words are violence'. You are so fragile its sickening.
Source: SPACEdotcom - 🏆 92. / 67 Read more »
Five Coolest Automotive Technologies from 2022We're beyond the futuristic timelines that said we'd all be flying around in our personal vehicles by the 21st century, but the gap is narrowing between fantasy and reality. As city populations grow and density increases, making adjustments to traditional methods of moving people around will be necessary, aiding pedestrian safety and environmental conservation. Before you write this off as pie-in-the-sky conjecture or urbanist theory, it's worth noting that manufacturers like Stellantis have readily invested in this sector.That's because the technology is nearly ready now, close enough for test flights and demonstrations. And it seems that one subset of these flying vehicles is taking precedence, known in long form as electric vertical takeoff and landing vehicles. In short, we refer to them as eVTOLs, and a few companies are poised to release these bizarre-looking feats of engineering to the general public.The physics of these machines is fascinating, using rear wings that can angle airflow into vertical flight and then transition to horizontal flight once at a sustainable altitude. Some manufacturers plan to use turbofan propulsion while others stick to an electric propeller style. One manufacturer even markets its model as a personal flying sports car, as the Jetson ONE only seats, well, one, and is meant for speedy maneuvering.Companies like Lilium and Archer (with help from Stellantis and United Airlines) plan on warring with helicopters, making connections from airports to intercities a breeze. Additionally, the alleged capabilities of these flying vehicles mean that consumers (likely the ultra-rich, at least to begin with) will be able to go that last mile without having to use traditional ground transportation. Though this technology is closer than ever, the true safety and viability of these light aircraft are generally unproven, and set to face the scrutiny of the FAA.
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