Note

PBOC sets yuan reference rate at 6.5325

· Views 45

The People's Bank of China (PBOC) has set the yuan reference rate at 6.5325 versus the previous day's level of 6.5451. Ahead of the release, Reuters expected 6.5360 level for today while Bloomberg eyed 6.5306 from its latest survey. 

The Chinese central bank also infused 30 billion yuan via 7-day reverse repos (RRs) while adding 40 billion CNY as 10 billion expires today.

That said, USD/CNY is currently taking the bids near 6.5320 during the early Wednesday.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.