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People’s Bank of China (PBOC) sets yuan reference rate at 6.5590

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    USD/CNY mid-point reference rate Yuan strengthened a little by the PBOC today (a lower setting for the USD/CNY). The PBOC are in no frame of mind to let the CNY weaken ... this is another day of stronger/stable yuan for 7 consecutive trading days now.

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