PBOC sets USD/ CNY mid-point today at 6.5376 (vs. yesterday at 6.5282)

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China set the onshore yuan reference rate for the trading session ahead. Weakest for the CNY since January 4 this year.  

  • The previous close was 6.5475
  • Reuters estimate from their survey was 6.5359, Bloomberg 6.5384  

PBOC injects 10 billion yuan liquidity via 7-day reverse repo

  • 10 billion yuan reverse repo matures today

  • thus neutral, no net injection nor drain

  • 20th day in a row of neutral

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