PBOC sets USD/CNY reference rate at 7.1326 vs. 7.1318 previous – by anilpanchal7 USDCNY PBOC China Currencies NewsTrading
People’s Bank of China set the USD/CNY central rate at 7.1326 on Monday, versus the previous fix of 7.1318 and market expectations of 7.1386. It's worth noting that the USD/CNY closed near 7.1415 the previous day.
With the 100 billion worth of RRs matring on Monday, the PBoC's OMO appears net long for 3 billion for the day.The onshore yuan differs from the offshore one in trading restrictions, this last one is not as tightly controlled. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince Louis Recreates Iconic Facial Expression, is the “Gift That Keeps on Giving”The Wales family of five made a poignant surprise visit yesterday.
Read more »
Global Migration Boom Keeps Housing Costs HighLured by tight labor markets, people are moving across borders in record numbers and many are landing in cities where housing is in short supply.
Read more »
Russia's economy keeps getting worse and these 4 factors show the painRussia's economy has gone from bad to worse in a matter of months. Here's where the country is feeling pain the most.
Read more »
Kate Middleton Turns Heads in Chic Tennis Ball Green Dress at Wimbledon 2023 - E! OnlineKate Middleton keeps serving looks at Wimbledon! See the Princess of Wales' sporty chic style during her second appearance at the 2023 tennis championships.
Read more »