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PBOC sets USD / CNY midpoint today at 6.3677 (vs. 6.3611 estimate) | Today Headlines

PBOC sets USD / CNY midpoint today at 6.3677 (vs. 6.3611 estimate)

USD / CNY is the onshore yuan. It is allowed to trade plus or minus 2% of this daily benchmark rate.

  • CNH is the offshore yuan. USD / CNH has no restrictions on its trading range.

A significantly higher or lower rate than expected is generally considered a signal from PBOC.

Previous close was 6.3602

Yesterday’s average rate was 6.3542

PBOC injects 10 billion yuan via 7-day reverse repurchase agreements

  • no mature RR today so a net injection of 10 billion yuan

Eleon Lass

Eleanor - 28 years I have 5 years experience in journalism, and I care about news, celebrity news, technical news, as well as fashion, and was published in many international electronic magazines, and I live in Paris - France, and you can write to me: eleanor@newsportal365.com

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