menu search

PBOC sets USD/ CNY reference rate for today at 7.1811 (vs. estimate at 7.2765)

PBOC sets USD/ CNY reference rate for today at 7.1811 (vs. estimate at 7.2765)
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 7.2890PBOC injects 209bn yuan in open market operations (OMOs) via 7-day reverse repos (RRs) at an un... Read More
Posted: Aug 31 2023, 01:15
Author Name: forexlive
Views: 102188

Search within

Pages Search Results: