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PBOC sets USD/ CNY central rate at 6.8903 (vs. yesterday at 6.8822)

PBOC sets USD/ CNY central rate at 6.8903 (vs. yesterday at 6.8822)

Central Banks
Eamonn Sheridan
05/06/2019 | 01:17 GMT

People's Bank of China takes a peek above 6.89 for USD/CnY today.

People's Bank of China injects 60bn yuan in OMOs through 7 day reverse repos

  • note that 270bn yuan of RRs mature today, thus a net drain of 210 bn yuan.

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