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Yuan – CFETS RMB index at 96.12 (95.95 prior)

March 19, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

On Friday the PBOC, through China Foreign Exchange Trade System (CFETS, a unit of the PBOC) which manages the RMB (yuan, CNY) basket, set the onshore yuan at 96.12 against its basket

ps … the chart below (via Bloomberg) doesn’t include Friday:

Rising RMB vs. the basket

The daily USD/CNY reference rate is coming up soon

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