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PBOC sets USD/ CNY reference rate for today at 7.1782

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.PBOC injects 499bn via 7-day RR, sets rate at an unchanged 1.8%828bn yuan of RRs mature todaythus a net 329bn yuan drain on... Read More

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Pboc

Sets

Usd

Reference

Rate

Today

1782

7 1782

Forex

Posted: Oct 27 2023, 01:15

Author Name: forexlive

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