PBOC's daily yuan fix: 6.7156 per dollar, topping the 6.6783 prediction
PBOC set USD/CNY reference rate at 6.7156 vs 6.6783 estimate, and repo operations resulted in net 609.5 billion yuan withdrawal.
PBOC set the USD/CNY central rate at 6.7670, above the Reuters estimate of 6.7051. It injected 597 billion yuan via overnight reverse repos, with no seven-day…
The People's Bank of China permits the yuan to move up or down by as much as 2% from this central rate. Further details can be found here.
No seven-day reverse repurchase agreement was conducted today.
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PBOC set USD/CNY reference rate at 6.7156 vs 6.6783 estimate, and repo operations resulted in net 609.5 billion yuan withdrawal.
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