PBOC sets USD/ CNY reference rate for today at 6.4713 (vs. yesterday at 6.4522)

Author: Eamonn Sheridan | Category: Central Banks

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

Weakest setting for the onshore yuan since the beginning of this month (Feb. 2)

Reuters estimate from their survey was 6.4714, Bloomberg 6.4708

PBOC add in 20bn yuan through 7-day RRs in open market operations
  • 20bn mature today
  • thus net neutral
For the week a net 20bn drain. 
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