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PBOC sets Yuan reference rate at 6.5113 Mon vs 6.5284 last

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, the Chinese central bank, PBOC, sets the USD/CNY reference rate at 6.5113 versus 6.5284 Friday close, strengthening the yuan further against the US currency.

    On Friday, yuan jumped to nearly 3-week highs, the strongest level since Jan 4.
    For more information, read our latest forex news.
     

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