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PBOC sets USD/ CNY reference rate for today at 6.7967 (vs. estimate at 6.7962)

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 6.7988

PBoC injects 393bn yuan of 7-day reverse repos at an unchanged rate of 2.0%471bn yuan of RRs mature todaythus a net drain of 78bn yuan on the day in open market operations

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Content Topics

Pboc

Sets

Usd

Reference

Rate

Today

7967

Vs

Estimate

6 7967

6 7962

Forex

Posted: Feb 7 2023, 01:15

Author Name: forexlive

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