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PBOC sets USD/ CNY mid-point today at 6.8717 (vs. estimate at 6.8718)

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

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Posted: Mar 31 2023, 01:15
Author Name: forexlive
Views: 102320

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