RSS PBOC sets USD/ CNY reference rate for today at 7.1911 (vs. estimate at 7.3165)

Currently reading:
 RSS PBOC sets USD/ CNY reference rate for today at 7.1911 (vs. estimate at 7.3165)

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,211
Likes
1,916
Credits
32,784©
Cash
0$
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.
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom