PBOC sets USD/ CNY reference rate for today at 7.0555 (vs. yesterday at 7.0671)

Author: Eamonn Sheridan | Category: Central Banks

Onshore yuan central rate from the People's Bank of China for the session ahead. Stronger CNY again in line with the moves for the USD overnight.

  • USD/CNY is permitted by the Bank to trade +/- 2% from here
USD/CNH faces no such limits.  

PBOC inject 180bn yuan through 7-day reverse repos in open market operations (OMOs) 

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