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.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now