PBOC sets USD/ CNY central rate at 6.8827 (vs. yesterday at 6.8710)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China mid rate for onshore yuan trading today. 

 Significantly weaker for the CNY against the USD.
USD was higher in overnight trade.

PBOC adds 100bn yuan via 7 day RRs
  • net 100bn yuan added (no RRs maturing today)

Earlier we got news on China's holdings of US Treasuries in May
  • fell by $2.8 bn
  • to $1.11 tn in May
  • lowest in two years
  • the third consecutive month of decline

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