PBOC sets USD/ CNY reference rate for today at 6.9597 (vs. yesterday at 6.9711)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan reference rate

  • USD/CNY can trade +/- 2% from this rate 
  • USD/CNH has no such bound

PBOC inject 140bn yuan in OMOs today, no RRS mature

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