PBoC sets USD/CNY reference rate at 7.1151 vs. 7.1212 previous

Haresh Menghani FXStreet

On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day's fix of 7.1212 and 7.1440 Reuters estimates.

Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%.
352 billion Yuan of RRs mature today, resulting in a net 312 billion Yuan injection in Open Market Operations (OMOs).

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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