PBOC sets USD/ CNY central rate at 6.9028 (vs. estimate at 6.9028)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.8900</p><p>-</p><p>PBoC injects 300bn yuan of 7-day reverse repos at an unchanged rate of 2.0%487bn yuan of RRs mature todaythus a net drain of 187bn yuan on the day in open market operations</p><p>eur</p> This article was written by Eamonn Sheridan at www.forexlive.com.
from Forexlive RSS Breaking News Feed https://ift.tt/VLnUFx8
from Forexlive RSS Breaking News Feed https://ift.tt/VLnUFx8
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
