PBOC sets USD/ CNY reference rate for today at 7.0680 (vs. Friday at 7.0690)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China adds a few tics to yuan strength at the setting

  • injects 50bn yuan through 7 day RRs

In some separate China news. Last year was an all time high for bond defaults. 
Fitch says defaults so far this year, for the first 3 quarters, has matched the 2018 figure. 

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