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PBOC sets USD/ CNY mid-point today at 6.7884 (vs. estimate at 6.7885)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 6.7850
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PBoC injects 203bn yuan of 7-day reverse repos at an unchanged rate of 2.0%
- 23bn yuan of RRs mature today
- thus a net injection of 180bn yuan on the day in open ma... Read More
Posted: Feb 10 2023, 01:15
Author Name: forexlive
Views: 122441