#USDCNY @ 6.85949 -imp levels: fix: 6.8388 vs. the last close of 6.8367
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE and login below to read further [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.8388 vs. the last close of 6.8367.
China maintains strict control of the yuan’s rate on the mainland.
The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled.
Each morning, the People’s Bank of China (PBOC) 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.
[/s2If]
Join Our Telegram Group
