Home » PBOC sets USD/ CNY mid-point today at 6.4492 (vs. estimate at 6.4470)

PBOC sets USD/ CNY mid-point today at 6.4492 (vs. estimate at 6.4470)

by Mark Wood

Individuals’s Financial institution of China established the onshore yuan (CNY) recommendation price for the trading session in advance.

  • USD/CNY is allowed to trade plus or minus 2% from this day-to-day recommendation price.
  • CNH is the overseas yuan. USD/CNH has no constraints on its trading variety.
  • The previous close was 6.4382
  • Reuters quote was 6.4470. A dramatically more powerful or weak price than anticipated is usually thought about a signal from the PBOC.

The recommendation prices establish every day by the PBOC are floating around (CNY) highs given that the center of June.

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