PBOC sets USD/ CNY mid-point today at 7.0312 (vs. yesterday at 7.0326)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China with a stronger setting for onshore yuan today 

Not by much, but still. A surprise. 

The Reuters estimate for the mid rate today was 7.0502. 

At the margin a positive for risk. Following the US tariff delay which was risk positive overnight. 

PBOC injects 100bn yuan via 7 day reverse repos (none mature, thus net 100bn yuan added) 

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