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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And, ICYMI:
cnbctv18-forexlive
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