PBOC sets USD/ CNY reference rate for today at 7.0029 (vs. yesterday at 6.9938)

People's Bank of China sets the onshore yuan a little weaker today 
PBOC adds 100bn yuan via 7 day reverse repos in open market operations 
– offsets the 100bn yuan in RRs that mature

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *