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PBOC sets USD/ CNY central rate at 6.2885 (vs. yesterday at 6.3045)

PBOC sets USD/ CNY central rate at 6.2885 (vs. yesterday at 6.3045)

Central Banks
Eamonn Sheridan
02/02/2018 | 01:16 GMT

People's Bank of China onshore yuan reference rate for the day ... really sending the CNY higher against USD ... again

PBOC skipped OMOs again today

  • Net drain of 90bn yuan on the day

For the week the Bank has drained net 760bn yuan

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