PBOC sets yuan mid-point below 7 for the first time since August

Author: Adam Button | Category: Central Banks

PBOC sets mid-point below 7 for the first time since August 6

  • Mid-point at 6.9945 vs 6.9788 close
A setting below 7 was a foregone conclusion after the positive comments on a trade deal earlier.

The PBOC is gauging demand for 7, 14, 28 and 63-day repos, according to a trader cited on the newswires.

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