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PBOC expected to set Yuan midpoint at 7.2193 per dollar

The PBOC is expected to set Yuan midpoint at 7.2193 per dollar. The last two days' estimates were much lower when the official midpoint is set. The estimate yesterday was at 7.2023, with the actual set at 7.1576.The prior day estimate was at 7.2198 and set at 7.1588.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of th... Read More

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Content Topics

Pboc

Expected

Yuan

Midpoint

2193

Dollar

7 2193

Forex

Posted: Aug 11 2023, 00:30

Author Name: forexlive

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