PBOC sets USD/ CNY reference rate for today at 6.4516 (vs. yesterday at 6.4563)

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 6.4542, Bloomberg 6.4539.
A stronger than expected mid-rate for the CNNY (ie lower than expected USD/CNY) 

PBOC add in 10bn yuan through 7-day RRs in open market operations
  •  none mature today
  • thus a net 10bn injection

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