People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1886 on Thursday, versus the previous fix of 7.1988 and market expectations of 7.2791.
People’s Bank of China set the USD/CNY central rate at 7.1886 on Thursday, versus the previous fix of 7.1988 and market expectations of 7.2791. It's worth noting that the USD/CNY closed near 7.2790 the previous day.The onshore yuan differs from the offshore one in trading restrictions, this last one is not as tightly controlled.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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.
PBOC sets USD/CNY reference rate at 7.1992 vs. 7.1987 previousPeople’s Bank of China (PBoC) set the USD/CNY central rate at 7.1992 on Tuesday, versus the previous fix of 7.1987 and market expectations of 7.3097.
Read more »
PBOC sets USD/CNY reference rate at 7.1988 vs. 7.1992 previousPeople’s Bank of China (PBoC) set the USD/CNY central rate at 7.1988 on Wednesday, versus the previous fix of 7.1992 and market expectations of 7.3050
Read more »
John Carpenter Announces New Album Anthology II: Movie Themes 1976-1988, Spanning Greatest HitsJohn Carpenter has produced music prolifically in recent years, but Anthology II tackles the director's most iconic film scores.
Read more »
Junkyard Gem: 1988 Chevrolet Spectrum Sport CoupeA 1988 Chevrolet Spectrum, rebadged twin to the Isuzu Gemini and I-Mark, found in a Denver wrecking yard.
Read more »
USD/CNY to breach historical highs and end the year at 7.60Economists at Société Générale make an upward revision to USD/CNY. An arduous march to 7.60 by the end of 2023 We revise up our year-end USD/CNY fore
Read more »
Dollar hovers near highs as U.S. yields surge; PBOC bolsters yuan By ReutersDollar hovers near highs as U.S. yields surge; PBOC bolsters yuan
Read more »