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PBOC sets USD/ CNY mid-point today at 6.7135 (vs. estimate at 6.7090)

PBOC sets USD/ CNY mid-point today at 6.7135 (vs. estimate at 6.7090)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. 6.7135 is the strongest for the CNY since July 11 last year.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 6.7000

People's Bank of China:injec... Read More

Posted: Jan 16 2023, 01:15
Author Name: forexlive
Views: 092185

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