PBOC sets USD/ CNY reference rate for today at 6.5408

People's Bank of China set the onshore yuan mid-rate for the trading session ahead.

Reuters estimate from their survey was 6.5444, Bloomberg 6.5417

PBOC add in 20bn yuan through 7-day RRs in open market operations

  • 160bn mature today
  • thus a net 140bn drain

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