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PBOC sets USD/ CNY reference rate for today at 7.0029 (vs. yesterday at 6.9938)

PBOC sets USD/ CNY reference rate for today at 7.0029 (vs. yesterday at 6.9938)

Central Banks
Eamonn Sheridan
27/07/2020 | 01:15 GMT

People's Bank of China sets the onshore yuan a little weaker today

PBOC adds 100bn yuan via 7 day reverse repos in open market operations

  • offsets the 100bn yuan in RRs that mature

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