INVESTINGLIVE
PBOC sets USD/ CNY reference rate for today at 6.7878 (vs. estimate at 6.7413)
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. PBOC injected CNY 349bn via overnight reverse repos, but ran zero 7-day reverse repo volume Friday Net effect: CNY 1.001tln drained today via maturities, no new reverse rep
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PBOC sets USD/ CNY reference rate for today at 6.7904 (vs. estimate at 6.7548)
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PBOC sets USD/ CNY reference rate for today at 6.8109 (vs. estimate at 6.7640)
INVESTINGLIVEEamonn Sheridan