PBoC sets USD/CNY reference rate at 7.1730 vs. 7.1732 previous

Haresh Menghani FXStreet

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1730, compared with the previous day's fix of 7.1732 and 7.3052 estimated.

Furthermore, the PBoC injects 169 billion Yuan into Open Market Operations (OMOs) via 7-day reverse repos (RRs) at an unchanged rate of 1.8%.

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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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