PBOC sets USD/ CNY reference rate for today at 6.6725
PBOC inject 50 bn yuan liquidity via 7-day reverse repo
- 50 bn mature today
Earlier estimate from Reuters was :
- The People's Bank of China USD/CNY reference rate is expected at 6.6698
- and the Bloomberg survey had 6.6711
CNY setting not quite so strong as expected (ie USD/CNY higher than expected).