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PBOC sets USD/ CNY reference rate for today at 6.8265 (vs. estimate at 6.8276)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
- 6.8265 is the strongest for the CNY since 22 August last year.
- PBOC raising the CNY reference rate by just under 650 points from Friday'sUSD/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 co... Read More
Posted: Jan 9 2023, 01:16
Author Name: forexlive
Views: 112520