PBOC sets USD/ CNY mid-point today at 6.3693 (vs. estimate at 6.3706) – ForexLive

The People’s Bank of China set 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. 
  • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.     
  • The previous close was 6.3648
  • Yesterday’s reference rate was 6.3794

injects 10bn yuan via 7-day reverse repos

Invest in yourself. See our forex education hub.

Leave a Reply

Your email address will not be published. Required fields are marked *