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PBOC sets USD/ CNY central rate at 6.3185 (vs. estimate at 6.3257)

Started by forex4you, Mar 08, 2022, 05:19 am

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Mar 08, 2022, 05:19 am
PBOC sets USD/ CNY central rate at 6.3185 (vs. estimate at 6.3257)

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. CNY has been set is sig


Source: PBOC sets USD/ CNY central rate at 6.3185 (vs. estimate at 6.3257)

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