Top Insights
Forex
globalreutersDecember 12, 20241 Mins read
PBOC sets USD/ CNY reference rate for today at 7.1854 (vs. estimate at 7.2438)
globalreutersDecember 12, 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 7.2615
PBOC injects 66bn yuan via 7-day RR, sets rate at 1.5%
- 381bn yuan mature today
- net injection is 29bn yuan
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Fed faces a tougher battle against inflation than the ECB: US$ to stay stronger than EUR
A snippet only from Deutsche Bank, remaining bullish on the US dollar:dollar...
Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting
Goldman Sachs: We think the Bank of Japan has not yet reached...
China to expand its private pension plan nationwide – from Monday December 15
China to expand its private pension plan nationwide - from Monday December...
Australia Posted Strong Hiring Growth in November, Jobless Rate Down to 3.9%
Australia’s labor market showed considerable strength in November, with employment growing more...
Leave a comment