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   

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose