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Where will the PBOC set the yuan rate today? How does the PBOC set the rate?

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The People's Bank of China announce the mid-point reference rate for the USD/CNY a few moments after 0115GMT. I was asked yesterday how the PBOC sets the mid-point for the USD/CNY each day and if the rate can be estimated ahead of time.

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