People's Bank of China (PBOC) sets the USD/CNY mid-point reference rate after a 4-day break
- The previous central rate was at 6.3619, back on Wednesday last week before the Thursday and Friday holiday
Yuan strengthened (USD/CNY lower) from the prior rate set. Just a bit.
Close on Wednesday was 6.3559.
USD/CNY is a managed forex rate. China's central bank sets the mid-point each day and then allows trading to occur in a plus or minus 2% band around it.
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Note: CSI300 futures are up 2.3%
