People’s Bank of China sets yuan reference rate at USD/ CNY 6.5338 (vs. Friday at 6.4795)

PBOC set the onshore yuan reference rate for the trading session ahead.

Reuters estimate from their survey was 6.5319, Bloomberg 6.5336

PBOC add in 10bn yuan through 7-day RRs in open market operations

• 10bn mature today
• thus net neutral