PBOC sets USD/CNY reference rate at 6.8265 vs. 6.8912 previous

People’s Bank of China set the USD/CNY central rate at 6.8265 on Monday, versus Friday's fix of 6.8912 and market expectations of 6.8276. In doing so, the PBOC propels the CNY rate by the most in 30 days.In addition to the USD/CNY fix, the PBOC also released data for the Open Market Pperations that suggest the Chinese central bank drained net 41 billion Yuan on the day, per Reuters calculations.

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