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PBOC sets USD/CNY reference rate for today at 6.7205 (vs. yesterday at 6.7148)

PBOC sets USD/CNY reference rate for today at 6.7205 (vs. yesterday at 6.7148)

Central Banks
Eamonn Sheridan
02/08/2017 | 01:17 GMT

Yesterday's mid rate was its strongest (for the CNY against the USD) since October 11 last year. A bit of a bounce back for the USD/CNY today though.

In open market operations today the People's Bank of China is:

  • to inject 90 bn yuan via 7 day reverse repos
  • to inject 30 bn yuan via 14 day reverse repos

The 120bn yuan injection matches today's maturities

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