Forex
globalreutersAugust 7, 20241 Mins read
PBOC sets USD/ CNY mid-point today at 7.1386 (vs. estimate at 7.1481)
globalreutersAugust 7, 20241 Mins read 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 7.1550
In open market operations:
- PBOC injects zero bn via 7-day RR, sets rate at 1.7%
- 252n yuan mature today
- net 252bn yuan drain today
This article was written by Eamonn Sheridan at www.forexlive.com.
Recent Posts
Categories
Related Articles
Australian economy – household income has collapsed back to 2009 levels
This is via Roger Wilkins, an economist at The University of Melbourne.A...
ICYMI – SEC Chair Gensler to Depart Agency on January 20
The US Securities and Exchange Commission announced on Thursday that its Chair,...
Deutsche Bank: EUR/USD could fall below parity, potentially reaching 0.95 or even lower.
A note from Deutsche Bank analysts see them warning that a full-force...
Australia preliminary manufacturing PMI November 49.4 (October was 47.3)
Australia Judo Bank / S&P Global data. Mixed bag, up for manufacturing...
Leave a comment