- Weakest yuan set since September 10, 2013
- Yesterday’s closing price was 6.12274
- PBOC is to drain 100bn yuan today via 28-day repos
- Overnight repo rate opened at 1.90% (vs. Monday’s close 1.98%)
- Seen-day repo rate opened at 3.10% (Monday’s close of 2.70%)
Preview Mode
People’s Bank of China (PBOC) sets yuan mid-point at 6.1610 (vs. prior set at 6.1591)
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