Tuesday, 1 September 2015

People’s Bank of China (PBOC) sets yuan reference rate at 6.3619

People's Bank of China (PBOC) sets the USD/CNY mid-point reference rate for today

  • Yesterday's central rate was set at 6.3752 ... so the PBOC strengthening the yuan again today
  • Yesterday's close was 6.3645
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Right, off you go then ... you are permitted to trade USD/CNY plus or minus 2% of this central rate. That  the limit the PBOC will allow.

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