menu search

PBOC sets USD/ CNY reference rate for today at 6.7702 (vs. estimate at 6.7706)

PBOC sets USD/ CNY reference rate for today at 6.7702 (vs. estimate at 6.7706)

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 6.7738

more to come

This is the final mid-rate setting before the long Lunar New Year holi... Read More

Posted: Jan 20 2023, 01:15
Author Name: forexlive
Views: 102473

Search within

Pages Search Results: