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PBOC sets USD/ CNY reference rate for today at 6.2785 (vs. yesterday at 6.2816)

March 31, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

People’s Bank of China ramping up the onshore yuan value again today … but a much small amount than yesterday though

CNY (against USD) is at its highest since August of 2015

In Open Market operations …. none today, Bank to skip again

Net drain of 10bn yuan (due to maturing RRs)

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