menu search

PBOC sets USD/ CNY central rate at 7.1283 (vs. estimate at 7.1495)

PBOC sets USD/ CNY central rate at 7.1283 (vs. estimate at 7.1495)
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 7.1435Yuan supportive fixing yet again from the Bank.PBOC injects 8bn yuan in open market operations (OMO... Read More
Posted: Aug 1 2023, 01:15
Author Name: forexlive
Views: 103172

Search within

Pages Search Results: