PBOC sets USD/ CNY reference rate for today at 6.7010 (vs. Friday at 6.7332)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China injects 50bn yuan in 7 day reverse repos

  • None mature today, thus net +50bn
PBOC with a move much stronger for the onshore yuan, 320+ pips up from Friday. Its highest mid-rate fixing since mid-April of 2019.

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