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PBOC sets USD/ CNY central rate at 7.1796 (vs. estimate at 7.3038)
The 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 7.3108PBOC injects 71bn via 7-day RR, sets rate at an unchanged 1.8%67bn yuan of RRs mature todaythus...
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Posted: Oct 17 2023, 01:15
Author Name: forexlive
Views: 111097