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PBOC sets USD/ CNY central rate at 6.7611 (vs. estimate at 6.7613)

PBOC sets USD/ CNY central rate at 6.7611 (vs. estimate at 6.7613)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNY to its strongest since August 15 last yearUSD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.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 6.7730

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Posted: Jan 10 2023, 01:15
Author Name: forexlive
Views: 102111

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