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PBOC sets USD/ CNY mid-point today at 6.8717 (vs. estimate at 6.8718)
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 6.8710
... Read More Posted: Mar 31 2023, 01:15
Author Name: forexlive
Views: 102320