PBOC sets USD/ CNY reference rate for today at 6.8508 (vs. Friday at 6.8710)

Onshore yuan mid rate from the People's Bank of China

The yuan had traded stronger Friday after the mid rate setting, PBOC reflecting some but not much of that in the rate today.

On Friday the yuan CFETs basket rate was set at 92.77

People's Bank of China skips open market operations today

  • Net drain of 120bn yuan due to maturing reverse repos
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