PBOC sets USD/ CNY reference rate for today at 7.0344 (vs. yesterday at 7.0397)

Author: Greg Michalowski | Category: News

People's Bank of China with another decent chunk of weakening for the onshore yuan.

The PBOC set the USD/CNY reference rate in line with the expectations at 7.0344 (yesterday was set at 7.0397).

The PBOC skips  OMOs
  • with 120B Yuan reverse repose maturing on Tuesday, China Cbank drains a net 120B Yuan on the day.
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