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PBOC sets USD/ CNY central rate at 6.7130 (vs. estimate at 6.7142)

PBOC sets USD/ CNY central rate at 6.7130 (vs. estimate at 6.7142)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.7435

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6.7130 is the strongest for onshore yuan (CNY) at the setting since July 11 last year.

PBoC injects 66bn yuan of 7-day reverse repos at an unchanged rate of 2.0%467bn yuan of... Read More

Posted: Feb 2 2023, 01:15
Author Name: forexlive
Views: 112562

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