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PBOC sets USD/CNY midpoint at 7.1565 versus last close at 7.1942

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 7.1942.Injects CNY 6 billion via seven-day reverse repose with the rate at 1.90% for a CNY 2 billion net... Read More

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Content Topics

Pboc

Sets

Usd

Cny

Midpoint

1565

Versus

Last

Close

1942

Usd cny

7 1565

7 1942

Forex

Posted: Aug 8 2023, 01:18

Author Name: forexlive

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