PBOC sets USD/ CNY reference rate for today at 7.0310 (vs. yesterday at 7.0663)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China mid-rate for on shore yuan for the day

PBOC skips open market operations
  • 110 billion yuan liquidity is drained from the market due to reverse repo expires today
Offshore yuan has been surging against the USD:

People's Bank of China mid-rate for on shore yuan for the day
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