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PBOC sets USD/ CNY central rate at 6.9746 (vs. estimate at 6.9773)

PBOC sets USD/ CNY central rate at 6.9746 (vs. estimate at 6.9773)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/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 6.9605

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The mid rate is the highest for CNY (i.e. lowest for USD/CNY) since September 21... Read More

Posted: Dec 6 2022, 01:16
Author Name: forexlive
Views: 102585

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