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PBOC set USD/CNY central rate 7.1380 versus expected 7.1656

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 7.1418PBOC injects CNY 3 billion via seven-day reverse repo at 1.90% versus 1.90% previously. Net daily... Read More

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Content Topics

Pboc

Usd

Cny

Central

Rate

1380

Versus

Expected

1656

Usd cny

7 1380

7 1656

Forex

Posted: Aug 7 2023, 01:19

Author Name: forexlive

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