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PBOC sets USD/ CNY mid-point today at 6.8808 (vs. estimate at 6.8809 )

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 6.8729

I posted earlier in the week on what would support Chinese equity markets and yuan:

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Content Topics

Pboc

Sets

Usd

Mid

Point

Today

8808

Vs

Estimate

8809

Mid point

6 8808

6 8809

Forex

Posted: Mar 2 2023, 01:17

Author Name: forexlive

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