The Traderszone Network

Published in TZ Latest News 27 June, 2017 by The TZ Newswire Staff

PBOC sets USD/CNY reference rate for today at 6.8053 (vs. yesterday at 6.8292)

USD/CNY is permitted (by the People’s Bank of China) to trade plus or minus 2% from this central rate
– Yuan a lot higher against the USD today
USD/CNH is the ‘offshore’ and it can trade wherever it likes