The exchange rate for USD to CNY is currently 7.22654, while the People’s Bank of China (PBOC) has set the reference rate at 7.1588, slightly higher than the previous rate of 7.1565.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1588 on Wednesday, versus the previous fix of 7.1565 and market expectations of 7.2198. It’s worth noting that the USD/CNY closed near 7.2199 the previous day.
Apart from the USD/CNY fix, the PBoC also unveiled details of its Open Market Operations (OMO) while saying that the Chinese central bank injects 2 billion Yuan via 7-day reverse repos (RRs) at 1.90% vs prior 1.90%.
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]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
