PBOC sets USD/ CNY reference rate for today at 6.4669 (vs. yesterday at 6.4736)

Author: Eamonn Sheridan | Category: Central Banks

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

Reuters estimate from their survey was 6.4681, Bloomberg 

  • PBOC add in 100bn yuan through 7-day RRs in open market operations
  • 180 bn mature today
  • thus a net 80bn drain 
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