Started by forex4you, Sep 22, 2023, 07:09 am
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The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
The previous close was 7.3066.
Another huge discrepancy in the model estimate and the actual. The PBoC have been doing this for weeks so its not a suprise.
PBOC injects 202bn in open market operations (OMOs) via 14-day RR, sets rate at 1.95%
USD/offshore yuan update:
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