Forex, video, latest July 22, 2021 9:01 am
a People’s Bank of China set a onshore yuan (CNY) 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 6.4685
- Reuters estimate was 6.4677 (A rate that’s significantly stronger or weaker than expected is typically considered a signal from a PBOC).
injects 10bn yuan via 7-day reverse repos
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