PBOC sets USD/ CNY reference rate for today at 7.1203 (vs. estimate at 7.1208)

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Post author By admin_biglotfx
November 4, 2024
No Comments on PBOC sets USD/ CNY reference rate for today at 7.1203 (vs. estimate at 7.1208) | Forexlive

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.

more to come

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

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Tags PBOC CNY reference rate setting for the trading session ahead.

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