The PBOC is expected to set the USD/CNY reference rate at 7.1331 for Monday, 17 October



<p>That's the Reuters estimate for the setting. </p><p>Xi spoke over the weekend, reiterating his commitment to COVID-zero:</p><ul><li><a href="https://www.forexlive.com/news/chinas-xi-speech-flagged-no-change-to-covid-zero-policy-no-relief-for-property-slump-20221016/" target="_blank" data-article-link="true">China's Xi speech flagged no change to COVID-ZERO policy, no relief for property slump</a></li></ul><p>There is chatter around the policy will be modified after the congress. I'd say 'hope' but I am not allowed to use such four-letter words in my posts. </p><p>Offshore yuan is barely off its recent lows:</p>

This article was written by Eamonn Sheridan at forexlive.com.



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