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PBOC sets USD/ CNY central rate at 6.9156 (vs. estimate at 6.9159)

PBOC sets USD/ CNY central rate at 6.9156 (vs. estimate at 6.9159)

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 6.9335

PBoC injects 3bn yuan of 7-day reverse repos at an unchanged rate of 2.0%481bn yuan of RRs mature todaythus a net drain of 478bn yuan on the day in open market operations

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Posted: Mar 7 2023, 01:15
Author Name: forexlive
Views: 082121

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