PBOC sets Yuan reference rate at 7.0091 vs. Thursday’s 7.0083

On Friday, China’s central bank, the People's Bank of China (PBOC), set the Yuan reference rate at 7.0091 versus Thursday’s fix at 7.0083.
The PBOC gauges demand for 7, 14, 28, 63-day reverse repos.
Meanwhile, Reuters cited traders, as saying that the Chinese central bank will conduct a Medium-term Lending Facility (MLF) loan operation today.
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.

















