PBOC sets USD/ CNY central rate at 6.4608 (vs. estimate at 6.4600)

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.    

  • USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.
  • CNH is the offshore yuan. USD/CNH has no restrictions on its trading range. 

  • The previous close was 6.4570 
  • Reuters estimate was 6.4600. A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.  
Waiting on this info from the Bank, should be along in a few minutes --> PBOC injects ???  
Will be added as soon as available  

Here we go ...
PBOC injects 100bn yuan in 14-day reverse repos
  • no RRs mature today
  • thus a 100bn net injection 

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose