PBOC sets USD/ CNY mid-point today at 6.9072 (vs. yesterday at 6.9019)

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China allows the onshore yuan to fluctuate plus or minus two percent from this this mid rate each session

The Bank taking the CNY a little weaker again today, highest for USD/CNY since mid-March of 2017

People's Bank of China has skipped open market operations again today
  • No maturing reverse repos
  • Thus net neutral from the bank today

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