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PBOC sets USD/CNY reference rate at 6.3521 vs 6.3732 yesterday

May 4, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

USD/CNY fixing for the day

PBOC injects ¥20 bn through 7-day reverse repos. With ¥60 bn worth of reverse repos maturing today, the central bank drains liquidity by a net of ¥40 bn.

For the week, the central bank drains a net of ¥110 in OMOs, compared to last week’s net drain of ¥270 bn.

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