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Sora Ventures invests in Fhenix, fuels first confidential blockchain using homomorphic encryption
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Rally Over Or Is There More To Go?
Rally Over Or Is There More To Go?
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
- USD/CNY is the onshore yuan. Its 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.
- A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.
The previous close was 7.2512
Today’s reference rate is the strongest for CNY since September 27
PBOC injects 495bn via 7-day RR, sets rate at an unchanged 1.8%
- 474bn yuan of RRs mature today
- thus a net 21bn yuan injection on the day in Open Market Operations (OMOs)
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