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PBOC sets USD/ CNY reference rate for today at 7.1785 (vs. estimate at 7.3213)

PBOC sets USD/ CNY reference rate for today at 7.1785 (vs. estimate at 7.3213)
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 7.3095more to comePBOC injects 500bn via 7-day RR, sets rate at an unchanged 1.8%102bn yuan of RRs ma... Read More
Posted: Oct 25 2023, 01:18
Author Name: forexlive
Views: 112256

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