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While we are on the yuan - check out the basket case

Discussion in 'Fundamental Analysis' started by ForexLive, May 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    We get the USD/CNY daily setting Monday to Friday from the People's Bank of China. Once a week, though, the China Foreign Exchange Trade System (a unit of the PBOC) gives us the rate for the RMB against its basket. CFETS manages the RMB basket, which contains the currencies of 13 of China's major trading partners.

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