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PBOC sets USD/ CNY reference rate for today at 6.9117 (vs. estimate at 6.9132)
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 6.9193
PBoC injects 18bn yuan of 7-day reverse repos at an unchanged rate of 2.0%470bn yuan of RRs mature todaythus a net drain of 452bn yuan on the day in open market operations
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Posted: Mar 3 2023, 01:15
Author Name: forexlive
Views: 112594