PBOC sets USD/ CNY reference rate for today at 7.0136 (vs. yesterday at 7.0039)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan mid rate for the session ahead

Earlier post on expectations for the rate:
The USD/CNY mid rate coming in below both estimates I'd seen. That is, CNY not as weak as was expected. Weaker than yesterday, and weakest for the week though. PBOC allowing the CNY to fall, just not as fast as expected. 

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