PBOC sets USD/ CNY reference rate for today at 6.8222 (vs. yesterday at 6.8361)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China sets the onshore yuan at its strongest setting since mid-May of 2019. 

No sign of any open market operations from the PBOC so far today - this is often a signal there is a MLF operation on the way. 200bn in MLF mature this week (not today). 



For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose