PBOC sets USD/ CNY reference rate for today at 6.9006 (vs. Friday at 6.8825)

Home

Central Banks

Central Banks

Eamonn Sheridan

24/12/2018 | 01:18 GMT

A weaker setting for the onshore yuan, weaker than expected

In Open Market operations, PBOC injecting funds again today

20bn yuan via 14 day RRs

A net of 160bn yuan in RRs mature today, so with a 20bn injections its a net 140bn drain on the day.

ADVERTISEMENT - CONTINUE READING BELOW

Best in 2026

Sponsored

General Risk Warning

Best Prop Firm in 2026: Detailed Comparison

Best Futures Brokers in USA for 2026: Detailed Comparison

Best Prediction Market Platforms in 2026: Detailed Comparison

Best Forex Brokers in 2026: Detailed Comparison

Best Online Brokers in 2026: Detailed Comparison

ADVERTISEMENT - CONTINUE READING BELOW

Telegram Community

Gain Access

CECO surges 22% on strong revenue growth & buybacks; SNBR & WD face headwinds.

StockStory

2m ago

Paramount-WBD merger faces antitrust suit from subscribers. Deal value $110B, but consumer risk looms.

AV Club

5m ago

LMND revenue up 71%, loss ratio down to 63%. Trades at 60x '28 earnings, but growth potential is high.

Motley Fool

12m ago

FDP's 13.3x P/E, HY's 19.5x EV/EBITDA, GTX's 1.1x P/S show risks despite growth.

StockStory

15m ago

SMCI's 123% revenue jump & IREN's GPU financing signal AI server growth. Risks remain.

Motley Fool

25m ago

SCVL's EPS dropped 21.7% annually; TGT's gross margin is 28.1%. WRBY's EPS grew 134%!

StockStory

29m ago

META's revenue growth slows to 23% as capex jumps. P/E at 20, but is it justified?

Motley Fool

36m ago

Telegram Community

Gain Access

Must Read

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}