Open Demo Account
Home / Market Update / PBOC Fixes Yuan Mid-Point Against USD at 6.8171

PBOC Fixes Yuan Mid-Point Against USD at 6.8171

Adel 29 September, 2020 10:38 am Market Update

People Bank of China fixed the Yuan Mid-Point against the US dollar At 6.8171 (est 6.8133).

China’s central bank is also to inject 100 bln yuan via 14-day reverse repos.

The fixing restricts the onshore yuan’s daily moves to 2% on either side of it

Tags

Check Also

Gold Trades Near Six-Week High as Weaker Dollar and Fed Cut Expectations Boost Demand

Gold hovered near a six-week peak on Monday, supported by a softer U.S. dollar and …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends