PBOC sets USD/ CNY reference rate for today at 6.3205 (vs. yesterday at 6.3218)

Author: Eamonn Sheridan | Category: Central Banks

A wee bit stronger for the onshore yuan against the USD, courtesy of the PBOC rate setting

  • People's Bank of China to inject 30 bn yuan with 7-day reverse repos
  • People's Bank of China to inject 20 bn yuan with 28-day reverse repos

net 50bn yuan injections through OMOs today (note, none maturing)

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