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Home
> Central Banks
> The PBoC is expected to fix the CNY stronger after it issued a warning yesterday
Central Banks
CNY

The PBoC is expected to fix the CNY stronger after it issued a warning yesterday

Eamonn Sheridan
Eamonn Sheridan
Thursday, 29/09/2022 | 00:55 GMT
29/09/2022 | 00:55 GMT
  • 0

I posted the warning earlier in case you had missed it:

  • ICYMI: PBOC says never bet on one-sided appreciation or depreciation in yuan exchange rate

Justin had the news as it broke yesterday:

  • PBOC says never bet on one-sided appreciation or depreciation in yuan exchange rate

For today the People's Bank of China mid rate setting is estimated at 7.1066, slightly stronger for the CNY than yesterday's 7.1107

---

Offshore yuan strengthened in the wake of the PBoC statement:

cnh pboc warning 29 September 2022
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