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PBOC sets USD/ CNY mid-point today at 6.9525 (vs. estimate at 6.9551)
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 6.9726
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The USD surged on Powell's testimony on Tuesday, US time. The PBOC has cut the CNY at the rate setting to refelct the strong USD>
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PBoC injects 4bn yuan of 7-day r... Read More
Posted: Mar 8 2023, 01:15
Author Name: forexlive
Views: 102274