PBOC sets USD/CNY benchmark rate for today at 7.1617 (vs. 7.1695 estimate)

The People’s Bank of China has set the benchmark rate for the onshore yuan (CNY) for the upcoming trading session.

USD/CNY is the onshore yuan. It is allowed to trade plus or minus 2% of this daily reference rate.
CNH is the offshore yuan. USD/CNH has no restrictions on its trading range.
A rate that is significantly higher or lower than expected is generally considered a signal of PBOC.
Previous close was 7.1635

more soon



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