PBOC sets USD/ CNY reference rate for today at 7.1911 (vs. estimate at 7.3165)
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 7.2848PBOC injects 81bn yuan via 7-day RR, sets rate at 1.5%66bn yuan mature today net injection is 15bn yuan***The USD surged on the FOMC and Powell:Forexlive Americas FX news wrap: US dollar soars on hawkish dots*-/*- This article was written by Eamonn Sheridan at www.forexlive.com.
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 7.2848
PBOC injects 81bn yuan via 7-day RR, sets rate at 1.5%
- 66bn yuan mature today
- net injection is 15bn yuan
***
The USD surged on the FOMC and Powell:
*-/*- This article was written by Eamonn Sheridan at www.forexlive.com.
