PBOC sets USD/CNY reference rate at 6.7730 on Tuesday

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.7730 on Tuesday when compared to the previous fix and the previous close at 6.7410 and 6.7750 respectively.

China’s central bank injected 2 billion yuan via 7-day reverse repos at 2.00% vs prior 2.00%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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