PBOC sets USD/CNY reference rate at 6.9654 vs. 6.9481 previous – by anilpanchal7 PBOC USDCNY RiskAversion CentralBanks China
People’s Bank of China set the USD/CNY central rate at 6.9654 on Monday, versus previous fix of 6.9481 and market expectations of 6.9658. It's worth noting that the USD/CNY closed near 6.9585 the previous day.Apart from the daily fix, the PBOC also unveils the numbers for its Open Market Operations , which in turn suggests that the Chinese central bank injects 2.0 billion Yuan via 7-day reverses repo at 2.0% rate as wel las 125 billion via one-year Medium-term Lending Facility rate of 2.75%.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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