PBOC sets USD/ CNY mid-point today at 6.4904 (vs. yesterday at 6.4758)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China set the onshore yuan reference rate for the trading session ahead.

  • weakest for the onshore yuan since January 4 this year 
Reuters estimate from their survey was 6.4873, Bloomberg 6.4908  

PBOC add in 10bn yuan through 7-day RRs in open market operations
  • 10bn mature today
  • thus net 10bn drain  

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