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globalreutersNovember 15, 20241 Mins read
PBOC sets USDCNY midpoint at 7.1992 vs est 7.2482 (Previous 7.1966)
globalreutersNovember 15, 20241 Mins read The People’s Bank of China set the onshore Yuan (CNY) reference rate for the trading session ahead
- USDCNY is the onshore yuan. It permitted to trade plus or -2% from this daily reference rate
- CNH is the offshore yuan. USDCNH has no restrictions on its trading range.
- A significant stronger or weaker rate than expected is typically considered a signal from the PBOC
PBOC injects 981Bln yuan via seven-day reverse repo with the rate of 1.5%
This article was written by Greg Michalowski at www.forexlive.com.
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