PBOC sets USD/ CNY reference rate for today at 6.8664 (vs. Friday at 6.8878 )

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China sets the onshore yuan stronger again, a chunky move for it at the setting.

  • strongest CNY since mid July last year 

Injects 250bn yuan via 14-day RRs (ps long new year holiday coming up, PBOC providing cash liquidity) 

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