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PBOC sets USD/ CNY reference rate for today at 6.9572 (vs. estimate at 6.9586)
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 6.9630
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This article was written by Eamonn Sheridan at www.forexlive.com... Read More Posted: Feb 27 2023, 01:15
Author Name: forexlive
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