Previous![How long can L2s capitalize on the crypto market’s optimism?]( "How long can L2s capitalize on the crypto market’s optimism?")
How long can L2s capitalize on the crypto market's optimism?
How long can L2s capitalize on the crypto market's optimism?Next![China considers buying Boeing 737 Max, signals thaw in US relations]( "China considers buying Boeing 737 Max, signals thaw in US relations")
China considers buying Boeing 737 Max, signals thaw in US relations
China considers buying Boeing 737 Max, signals thaw in US relations
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 7.2850
PBOC injects 113bn via 7-day RR, sets rate at an unchanged 1.8%
- 18bn yuan of RRs mature today
- thus a net 95bn yuan injection on the day in Open Market Operations (OMOs)
Source link
About the Author: Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
