PBOC sets USD/ CNY reference rate for today at 6.5454 (vs. yesterday at 6.5578) - :: Forex, Crypto Currencies, Bitcoin, Crude, Economy, Gold & Silver, Investment, Podcast, US Markets - By Anirudh Sethi

PBOC sets USD/ CNY reference rate for today at 6.5454 (vs. yesterday at 6.5578)

13-Apr-21 06:48 am

The People’s Bank of China sets the onshore yuan (CNY) middle-rate for the trading session ahead.

- USD/CNY is 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.

The previous close was 6.5475
Reuters estimate from their survey was 6.5460, Bloomberg 6.5466 …. (A rate that’s significantly stronger or weaker than expected is typically considered a signal from the PBOC)