Subscribe To
PBOC sets USD/ CNY reference rate for today at 7.1729 (vs. estimate at 7.3009)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/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 considered a signal from the PBOC.The previous close was 7.3066PBOC injects 202bn in open market operations (OMOs) via 14-day RR, sets rate at 1.95%105bn yuan...
Read More
Posted: Sep 22 2023, 01:15
Author Name: forexlive
Views: 111331