INVESTINGLIVE
PBOC sets USD/ CNY mid-point today at 6.8195 (vs. estimate at 6.7)
From the original
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Injects 662.5bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com.
More from INVESTINGLIVE
5 items- INVESTINGLIVE
Australia May CPI undershoots on headline but core inflation tops forecasts at 3.6%
- INVESTINGLIVE
UBS sees market pricing of two Fed hikes as too aggressive ... get gold!
- INVESTINGLIVE
PBOC is expected to set the USD/CNY reference rate at 6.7913 – Reuters estimate
- INVESTINGLIVE
BOJ June summary reveals broad support for rate hike alongside sharp deflation warning
- INVESTINGLIVE
TD joins big four banks flagging Australian inflation relief, all roads lead to RBA hold