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PBOC sets USD/ CNY reference rate for today at 6.7905 (vs. estimate at 6.7900)

PBOC sets USD/ CNY reference rate for today at 6.7905 (vs. estimate at 6.7900)

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 6.7940

PBoC injects 453bn yuan of 7-day reverse repos at an unchanged rate of 2.0%66bn yuan of RRs mature todaythus a net injection of 387bn yuan on the day in open market operations

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Posted: Feb 9 2023, 01:15
Author Name: forexlive
Views: 122415

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