PBOC sets USD/ CNY mid-point today at 7.1312 (vs. estimate at 7.2633)

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 7.2712 more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Jul 3, 2024 - 06:50
0
PBOC sets USD/ CNY mid-point today at 7.1312 (vs. estimate at 7.2633)

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 7.2712

more to come This article was written by Eamonn Sheridan at www.forexlive.com.

Read More