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PBOC sets USD/ CNY mid-point today at 7.2189 (vs. estimate at 7.2015)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. Setting it notably weaker (for the CNY) than was estimated. 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 7.2320
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The trade-weighted... Read More
Posted: Nov 9 2022, 01:15
Author Name: forexlive
Views: 102247