USD/CNY fix: 6.4566 vs the estimated 6.4570

In latest change today, the People’s Bank of China (PBOC) set the yuan (CNY) at At 6.4566 vs the estimated 6.4570 and the preceding at 6.4615.

About the fix
China continues strict manipulate of the yuan’s fee on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in buying and selling restrictions, this final one is no longer as tightly controlled.

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

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