PBOC sets USD/ CNY central rate at 6.8718 (vs. yesterday at 6.8894)

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Central Banks

Eamonn Sheridan

20/08/2018 | 01:15 GMT

Higher for the CNY against the USD again today

In Open Market operations,

PBOC inject 120bn yuan through 7-day reverse repos
No RRs mature today, net injection thus 120 bn yuan

On Friday CFETs set the yuan at 92.78, from 92.91 the previous Friday

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