Sage Investment Club

PBOC sets USD/ CNY mid-point today at 6.7492 (vs. estimate at 6.7499)

<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 6.7531</p><p>more to come</p><p>PBoC injects 155bn yuan of 7-day […]