Category forex

China Sets USD/CNY Rate At 6.7898

PBOC sets USD/CNY reference rate at 6.7898 The People's Bank of China has set the USD/CNY central rate for the trading session ahead at 6.7898. This rate is slightly higher than Friday's fix of 6.7894. The PBOC uses a range of monetary policy instruments to achie

China Sets Daily USD/CNY Reference Rate

PBOC to set daily USD/CNY rate at 6.7364 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.