PBOC sets USD/CNY mid-point rate

PBOC USD/CNY exchange rate mid-point rate foreign exchange

The People's Bank of China (PBOC) has set the USD/CNY mid-point rate. Reported figures for the rate include 6.7192 and 6.7200, both of which were higher than market estimates of 6.6779 and 6.6813 respectively.

Entities

People's Bank of China

Sources

Quantpedia Premium Post – October 21st [quantpedia.com]

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PBOC sets USD/ CNY mid-point today at 6.7192 (vs. estimate at 6.6779) [investinglive.com]

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Getting started trading futures: Understanding the basics of futures contracts [krdo.com]

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Getting started trading futures: Understanding the basics of futures contracts [kesq.com]

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