PBOC sets USD/CNY reference rate at 7.1466 vs. 7.1486 previous

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PBOC sets USD/CNY reference rate at 7.1466 vs. 7.1486 previous
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PBOC sets USD/CNY reference rate at 7.1466 vs. 7.1486 previous – by anilpanchal7 USDCNY PBOC China CentralBanks Currencies

People’s Bank of China set the USD/CNY central rate at 7.1466 on Thursday, versus the previous fix of 7.1486 and market expectations of 7.2233. It's worth noting that the USD/CNY closed near 7.2240 the previous day.. That said, the one-year and five-year LPRs are held intact at 3.55% and 4.20% respectively at the latest.

Each morning, the People’s Bank of China 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.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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