PBOC sets USD/ CNY reference rate for today at 6.73 87(vs. estimate at 6.7314)

Central Banks
By Eamonn Sheridan
27/05/2022 | 01:13 GMT
  • The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
  • 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.
  • The previous close was 6.

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