People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Share: On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day’s fix of 7.1212 and 7.1440 Reuters estimates. Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%. 352 billion Yuan