PBOC sets USD/ CNY reference rate for today at 6.5921 (vs. yesterday at 6.5782)

Author: Eamonn Sheridan | Category: Central Banks

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

  • CNY set at its weakest for 2 weeks.
Reuters estimate from their survey was 6.5900, Bloomberg 6.5915

PBOC add in 20bn yuan through 7-day RRs in open market operations
  • 70bn mature today
  • thus a net 50bn drain
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