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PBOC sets USD/ CNY mid-point today at 6.8151 (vs. estimate at 6.8160)

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 6.8158

6.8151 is the weakest (for the CNY) since January 9.

-PBoC injects 46bn yuan of 7-day reverse repos at an unchanged rate of 2.0%150bn yuan of RRs mature todaythus a net drain of 104bn... Read More

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Content Topics

Pboc

Sets

Usd

Mid

Point

Today

8151

Vs

Estimate

8160

Mid point

6 8151

6 8160

Forex

Posted: Feb 13 2023, 01:15

Author Name: forexlive

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