PBOC sets USD/CNY central price at 6.7462 (vs. estimate at 6.7478)

  • 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 6.7675

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