PBOC sets USD/ CNY reference rate for today at 7.1091 ...Middle East

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PBOC sets USD/ CNY reference rate for today at 7.1091
source : forex live ( Middle East ) () 109
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 7.2435I didn't see an expected for this today, only a range of modelled estimates 7.2211 - 7.2407.more to come This article was written by Eamonn Sheridan at www.forexlive.com.

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