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PBOC sets USD/ CNY reference rate for today at 6.3229 (vs. yesterday at 6.3034)

April 24, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

A little weaker fof the onshore yuan again today from the Bank’s daily mid rate setting.

Biggest drop for the CNY against the USD in 3 weeks, and also to its weakest in about a month

PBOC injects 30bn yuan in open market operations today

through 7 day reverse repos
net 30bn yuan injection as there are no maturing RRs today

Earlier today:

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