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PBOC sets USD/ CNY central rate at 6.9666 (vs. estimate at 6.9668)

PBOC sets USD/ CNY central rate at 6.9666 (vs. estimate at 6.9668)

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 6.9565

more to come

PBoC injects 3bn yuan of 7-day reverse repos at an unchanged rate of 2.0%

  • 73bn yuan of RRs mature today
  • thus a net drain of 70bn yuan on the day... Read More
Posted: Mar 9 2023, 01:15
Author Name: forexlive
Views: 092192

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