PBOC sets USD/ CNY central rate at 6.7765 (vs. yesterday at 6.7495)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China with the onshore yuan refernce rate for the session ahead.

Taking the knife to the CNY again today.

PBOC skips open market operations today
  • 100bn yuan in reverse repos mature today
  • thus a net drain of 100bn yuan  

more to come  
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