ADVERTISEMENT - CONTINUE READING BELOW

Preview Mode

forexlive.com
Search the website...
  • Technical Analysis
  • Stocks
  • Economic Calendar
  • Live Charts
  • Live Quotes
  • Education
  • Forex Terms
  • Cryptocurrency
  • More
    • Central Banks
    • Forex Orders
    • Session Wraps
    • Premium
    • Webinars
forexlive.com
Search Forexlive
Search Forexlive
Home
Technical Analysis
Stocks
Economic Calendar
Live Charts
Live Quotes
Education
Forex Terms
Cryptocurrency
More
  • Central Banks
  • Forex Orders
  • Session Wraps
  • Premium
  • Webinars

  • Premium

Brokers
Events
About Forexlive
  • Contact Us
  • Terms of Use
  • Privacy

  • Join Forexlive News Updates

  • Join Forexlive FX & Crypto Chat

  • Follow us on Twitter

  • Follow Us on Facebook

Home
> Central Banks
> PBOC reference rate setting due soon - expected mid-point is 6.7101
Central Banks
pboc

PBOC reference rate setting due soon - expected mid-point is 6.7101

Eamonn Sheridan
Eamonn Sheridan
Monday, 30/05/2022 | 00:35 GMT
30/05/2022 | 00:35 GMT
  • 0

The mid-rate setting on Friday was notable:

  • The People's Bank of China smashed the onshore yuan today at the mid rate setting

(The PBOC cut over 630 points out of the CNY (i.e. higher USD/CNY) at the reference rate setting on Friday)

The chart is the offshore yuan (CNH, not CNY) and shows 2-way action as returned after the weeks of mainly one-way weakening for the yuan:

usdcnh 30 May 2022
ADVERTISEMENT - CONTINUE READING BELOW

Tags

  • pboc
ADVERTISEMENT - CONTINUE READING BELOW

Most Popular

  • In-line CPI report leads to a blockbuster day for US stock markets
  • Forexlive Americas FX news wrap: Dollar unswayed by Powell, sags on softer ISM services
  • USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
  • 60% of FX price changes occurred within the first minute of an economic release
  • USD/JPY looks to US CPI report to potentially break ping pong range
  • Australia's largest fund manager expects RBA hold today, cut in May
  • ForexLive European FX news wrap: USD/JPY sticks with the early bounce, ADP up next
ADVERTISEMENT - CONTINUE READING BELOW
ADVERTISEMENT - CONTINUE READING BELOW
GMT 00:00:00
LON 00:00:00
NY 00:00:00
TKYO 00:00:00
SYD 00:00:00
Get the Forexlive newsletter
Your email
First name
Last name

Select additional content:

Stock Daily Updates

  • AAPL stock
  • AMD stock
  • AMZN stock
  • AXON stock

Top Forex Brokers

ForexLive Premium
ForexLive Premium

Must Read

  • Is AMD stock a buy or sell?
  • Is Amazon stock a buy or sell?
  • Is Google Stock a Buy or Sell?
  • Natural gas: Eyeing extreme dip buying levels for generational gains.
  • Is META stock a Buy or Sell?
  • Is Berkshire Hathaway stock a buy or sell?
  • Is Intel Stock a Buy or Sell?
  • Is Visa Stock a Buy or Sell?
  • Dogecoin price prediction
  • BTC saw $416M liquidated in long positions, in the last 24 hours
  • 🚨 Czech Republic exempts long-term Bitcoin holdings from capital gains tax 💰
  • This recent study shows where some of the big fish are taking some of their money
  • Bitcoin price prediction - watch these institutional key price levels of bitcoin futures
  • Ethereum price prediction - I think it's still going to $5k but question is from where...
  • Bitcoin price prediction based on our AI
  • Uncover a Unique Buy-the-Dip Strategy for AMD Stock Investors
  • Become an Author
  • Contact Us
  • Advertise with Us
  • Newsletter
  • Latest News
  • Finance News
  • Education Center
  • Find a Broker
  • Events

Follow Us

Subscribe to Forexlive's Daily News Wrap
  • Twitter ForexLive
  • Telegram ForexLive
  • YouTube ForexLive
  • Facebook ForexLive
  • LinkedIn ForexLive
  • RSS ForexLive

Read our Terms, Cookies and Privacy Notice

Manage cookies

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: FOREXLIVEâ„¢ is not an investment advisor, FOREXLIVEâ„¢ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVEâ„¢ specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. FOREXLIVEâ„¢ expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: FOREXLIVEâ„¢ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Finance Magnates CY Limited

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}