PBOC sets USD/ CNY reference rate for today at 6.9414 (vs. estimate at 6.9249)

Central Banks


  • PBOC CNY reference rate setting for the trading session ahead.

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.

PBOC injects 526bn yuan via 7-day reverse repos at 1.4% in open market operations today.

  • after maturities net drain is 926.4bn yuan, largest in more than 4 months

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

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