> PBOC sets yuan midpoint at 6.9670 vs yesterday's fixing at 6.9646. Close was 6.9740

PBOC sets yuan midpoint at 6.9670 vs yesterday's fixing at 6.9646. Close was 6.9740

Greg Michalowski

Greg Michalowski

Thursday, 01/11/2018 | 01:16 GMT-0

0

The daily yuan fixing by the PBOC

With 100B yuan worth of reverse repos maturing on Wednesday, PBOC drains 100B on the day
Skips open-market operations today (and for the 5th day)
The fixing was 37 pips firmer than Reuters estimate of 6.9707. The fixing was also at a rate lower than the close from yesterday at 6.9740.

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