PBoC set to set CNY higher after issuing warning yesterday


I posted the warning earlier in case you missed it:

Justin heard the news as soon as it dropped yesterday:

For today, the average rate set by the People’s Bank of China is estimated at 7.1066, slightly stronger for the CNY than yesterday at 7.1107.

The offshore yuan strengthened following the PBoC’s statement:


cnbctv18-forexlive-benzinga

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