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


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


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


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

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