PBOC sets Yuan reference rate at 7.0207

Dhwani Mehta FXStreet

On Wednesday, the People's Bank of China (PBOC) has set the yuan reference rate at 7.0207 versus Tuesday's fix at 7.0310.

The Chinese central bank skipped the open market operations while no reverse repos (RR) mature 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.

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