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PBOC sets USD/ CNY central rate at 7.1498 (vs. estimate at 7.1490)

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 7.1479.Today's 7.1498 setting, a big 286 point change from yesterday's mid-rate, is the weakest for CNY s... Read More

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Content Topics

Pboc

Sets

Usd

Central

Rate

1498

Vs

Estimate

1490

7 1498

7 1490

Forex

Posted: Jun 13 2023, 01:15

Author Name: forexlive

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