PBOC sets USD/ CNY reference rate for today at 6.8359 (vs. yesterday at 6.8319)
The onshore yuan mid-rate for the trading session ahead set by the People's Bank of China.
- USD/CNY can trade in a band +/- 2% of this rate
- offshore yuan (CNH) has no such limit imposed
PBOC injects 100 billion yuan liquidity via 7-day reverse repo
- 100 billion yuan reverse repo mature today
- thus a neutral day
Reprinted from Forexlive，the copyright all reserved by the original author.
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