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PBOC sets USD/ CNY central rate at 6.9967 (vs. estimate at 6.9985)

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 6.9944.Today's reference rate, 6.9967, is the weakest for CNY since December 7 last year. --- PBOC injec... Read More

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Content Topics

Pboc

Sets

Usd

Central

Rate

9967

Vs

Estimate

9985

6 9967

6 9985

Forex

Posted: May 18 2023, 01:15

Author Name: forexlive

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