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PBOC sets USD/ CNY reference rate for today at 6.3034 (vs. Friday at 6.2897)

April 23, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

CNY set a little weaker against the USD today by the People’s Bank of China

PBOC inject 80bn yuan through 7-day reverse repos in open market operations (OMOs) today
injection matches maturities

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ps. Over the weekend:

China’s economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, People’s Bank of China Governor Yi Gang said on Saturday, according to Xinhua. That is via
Reuters , more here.

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