PBOC sets USD/ CNY central rate at 6.8701 (vs. yesterday at 6.8580)

The People's Bank of China has set USD/ CNY central rate at 6.8701 (vs. yesterday at 6.8580).

Jun 26, 2019

PBOC sets Yuan reference rate at 6.8701

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8701 vs Tuesday's fix at 6.8580.

USD/CNH technical analysis: Buyers aim for support-turned-resistance on the pullback from key MA

Having reversed from the 200-day simple moving average (SMA), the USD/CNH pair is aiming for the four-week-old horizontal resistance (previous support).