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). 

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