PBOC sets USD/CNY reference rate at 7.2150 vs. 7.3297 previous

Dhwani Mehta FXStreet

On Friday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.2150, compared with Thursday’s fix of 7.3297 and market expectations of 7.3284.

The PBOC said that it injected CNY363 billion via seven-day Reverse Repos at 1.8% in open market operations (OMO).

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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