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PBOC sets USD/CNY mid-point today at 6.5578

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The People's Bank of China sets the reference rate for the CNY each day - Then allows to fluctuate only +/- 2% for the day - The 'offshore' yuan, CNH, can fluctuate to its heart content. Though the PBOC has at time exerted strong influence on its value (for example, through acting to limit CNH liquidity and thus squeezing out short sellers)

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