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PBOC sets USD/ CNY central rate at 6.8136 (vs. estimate at 6.8138)

PBOC sets USD/ CNY central rate at 6.8136 (vs. estimate at 6.8138)

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 6.8190

-PBoC injects 91bn yuan of 7-day reverse repos at an unchanged rate of 2.0%393bn yuan of RRs mature todaythus a net drain of 302bn yuan on the day in open market operations

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Posted: Feb 14 2023, 01:18
Author Name: forexlive
Views: 122426

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