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

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

Central Banks
Eamonn Sheridan
09/03/2021 | 01:15 GMT

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

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