Home PBOC expected to set Yuan reference rate at 7.0236 – Reuters

PBOC expected to set Yuan reference rate at 7.0236 – Reuters

Updated: 15 Aug. 2019 | 02:47

The People’s Bank of China (PBOC) is forecasted to set the Yuan reference or midpoint rate at 7.0236, down 76 pips from Wednesday’s fix of 7.0312.

In the offshore market, China’s Yuan (CNH) is currently trading at 7.0442. The exchange rate will likely depreciate if the PBOC announces a weaker-than-expected fix.

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