PBOC sets USD/ CNY central rate at 6.4672 (vs. yesterday at 6.4715) – ForexLive

The People’s Bank of China sets the onshore yuan (CNY) reference rate for the trading session ahead.   

  • USD/CNY is 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.
  • The previous close was 6.4720
  • Reuters estimate from their survey was 6.4651, Bloomberg 6.4665 …. (A rate that’s significantly stronger or weaker than expected is typically considered a signal from the PBOC) 

This is the strongest the onshore yuan has been set at bu the PBOC at the daily reference rate since March 3.

PBOC
injects 10 billion yuan liquidity via 7-day reverse repo   

 
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