PBOC sets USD/ CNY reference rate for today at 6.4625 (vs. yesterday at 6.4754)

Author: Eamonn Sheridan | Category: Central Banks

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

Weakest for the onshore yuan at its daily setting since the end of January. Reuters estimate from their survey was 6.4600, Bloomberg 6.4615

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

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