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PBOC sets USD/ CNY reference rate for today at 6.3340 (vs. yesterday at 6.3141)

March 19, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

Onshore yuan mid rate for the TGIF trading session to come … significantly weaker for the CNY

I am thinking there may be more CNY weakness to come from the PBOC, sorta as a middle finger salute to the US and the proposed trade barriers aimed at China. We’ll see.

OMOs – PBOC to skip today

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