• Prior close 6.1747
  • 7-day repo has opened at 3.87% (prior close was 4.12%)
  • overnight repo opened 3.16% (prior close 3.30%)

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This daily ‘reference rate’ is the mid-point for USD/CNY trading.

The PBOC allows the USD/CNY to trade up to 2% above or below the mid-point they set each day.