USD/CNY fix: 6.4492 vs. estimate at 6.4470

In current exchange today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.4492 vs. the estimate at 6.4470.

About the fix
China keeps strict manipulate of the yuan’s charge on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in buying and selling restrictions, this remaining one is now not as tightly controlled.

Each morning, the People’s Bank of China (PBOC) units a so-called each day midpoint fix, primarily based on the yuan’s preceding day closing stage and quotations taken from the inter-bank dealer.

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