The People’s Bank of China sets the yuan against the USD
– This is the ‘reference rate’
– USD/CNY can trade in a band plus or minus 2% of this rate for the day
USD/CNY basically unchanged at the mid rate today
The People’s Bank of China sets the yuan against the USD
– This is the ‘reference rate’
– USD/CNY can trade in a band plus or minus 2% of this rate for the day
USD/CNY basically unchanged at the mid rate today