PBOC sets USD/ CNY reference rate for today at 6.8028 (vs. yesterday at 6.7986)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore USD/yuan mid-rate higher again with the move up for the USD overnight.   


PBOC injects  bn yuan via 7 day RRs in OMOs today & 120 bn in 14 dayers
  • 110 bn in RRs mature today
  • Net injection is therefore 10 bn yuan   

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