Forex, video, latest April 8, 2021 9:02 am
a People’s Bank of China set a onshore yuan reference rate for a trading session ahead.
- USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.
- CNH is a offshore yuan. USD/CNH has no restrictions on its trading range.
- a previous close was 6.5435
- Reuters estimate from their survey was 6.5497, Bloomberg 6.5466 …. (A rate that’s significantly stronger or weaker than expected is typically considered a signal from a PBOC.)
PBOC
injects 10 billion yuan liquidity via 7-day reverse repo
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