People’s Bank of China (PBOC) sets yuan reference rate at 6.5646

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China reference rate set for the day for the USD/CNY

  • yesterday's close was 6.5555
  • yesterday's mid point was set at 6.5314

PBOC to inject 70bn yuan via 7-day reverse repos today

190bn net injection this week (60 bn yuan drain last week) ... largest net weekly injection since February of 2015

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Another big weakening for the yuan from the People’s Bank of China - down more than 0.5% today

AUD and NZD lower, as is USD/JPY .... thus AUD and NZd / yen crosses smashed

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Added .... CNY-CNH spread widens again.

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The USD/CNY mid-points setting, past 6 months:


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